Gautam Adani: What happened after all that once again Adani’s shares hit the lower circuit? – all adani group shares fall today gautam adani lost 1.6 billion dollars
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On Tuesday, shares of four companies of Adani Group closed with lower circuit. These include Adani Power, Adani Transmission, Adani Total Gas and NDTV. Adani Green Energy closed down 1.55 per cent, Adani Ports and Special Economic Zone (APSEZ) 3.93 per cent, Ambuja Cements 3.94 per cent and ACC 1.78 per cent. Earlier on Monday, shares of Adani Transmission, Adani Total Gas, Adani Power and Adani Green Energy closed on the upper circuit.
what the government said
The government told Parliament on Monday that the report of Hindenburg Research did not have any significant impact on the Adani Group at the systematic level, but the market cap of the group has come down by about 60 per cent. Minister of State for Finance Pankaj Chowdhary said that the government has not formed any committee to investigate the allegations against Adani Group. But on the orders of the Supreme Court, market regulator SEBI is investigating it, which will be completed in two months. In the report of Hindenburg Research, Adani Group was accused of tampering with the price of shares. But Adani Group has denied these allegations.
Meanwhile, the net worth of Group Chairman Gautam Adani has declined by $ 1.6 billion, or about Rs 13,172 crore, due to the fall in Adani Group’s shares on Tuesday. According to Forbes’ Real Time Billionaire List, his net worth is now $45.7 billion and he is at number 25 in the list of the world’s richest. Before the report of Hindenburg Research, he was at number three in this list and recently slipped to number 35. In this list, Reliance Industries Chairman Mukesh Ambani is at number 10 with $ 81.8 billion. His net worth declined by $1.6 billion on Tuesday.
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