Gautam Adani’s troubles are not reducing, after the new revelations, there is a huge fall in the shares of the companies of the group.

Gautam Adani’s troubles are not reducing, after the new revelations, there is a huge fall in the shares of the companies of the group.

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New Delhi: First the American research firm Hindenburg and now the OCCRP report has caused a lot of damage to the Adani Group (Gautam Adani). The Organized Crime and Corruption Reporting Project (OCCRP) has dropped a new bombshell on the Adani Group. It has been claimed in this report that Adani Group invested millions of dollars in the stock exchange by secretly buying its own shares. The details of Adani Group’s transactions done in Mauritius have been disclosed. It has been told in the report that the companies of the group had secretly bought their shares from 2013 to 2018. Although Adani Group has denied these allegations. But after the arrival of this report, as soon as the market opened this morning, a huge decline was seen in the shares of all the companies of Adani Group. Shares of all Adani Group companies remained on the red mark throughout the day and closed with a fall. If we talk today, then during the business session, the market cap of the group has suffered a loss of more than Rs 35 thousand crore.

Who is OCCRP who made new disclosure on Adani Group, who is its owner, what is its work

Heavy fall in shares

The shares of Adani Group had crashed as soon as the market opened today. Shares of all the ten listed companies of the group have seen a huge decline throughout the day. In this morning, the maximum decline of 4.6 percent has come in Adani Power. Shares of the group’s flagship company Adani Enterprises closed at Rs 2,425 on the NSE, down more than three per cent. On the other hand, Adani Wilmar closed at Rs 358.95, down more than two per cent.

On the other hand, Adani Total Gas (Adani Total Gas) Rs 637.70, Adani Transmission (Adani Transmission) Rs 811.65, Adani Green Energy (Adani Green Energy) Rs 934, Adani Ports and SEZ (APSEZ) with a decline of more than three percent Rs 792.90, NDTV closed at Rs 214.95, Ambuja Cements at Rs 428 and ACC at Rs 2,015.25.

The game of short selling is like this, after the report of Hindenburg, these 12 companies earned crores

Such was the condition of the stock market

The initial rally in the stock market could not be sustained on Wednesday and both the benchmark indices BSE Sensex and NSE Nifty closed almost flat. The weak trend at the global level has affected the stock market. The thirty-share BSE Sensex closed at 65,087.25 points with a gain of 11.43 points, or 0.02 percent. Similarly, the 50-share National Stock Exchange’s Nifty also closed at 19,347.45 points with a marginal gain of 4.80 points, or 0.02 percent. Asian markets were mixed, while most major European bourses declined in early trade. Jio Financial Services, Tata Steel, Maruti Suzuki, Mahindra & Mahindra and Infosys were major gainers in the Sensex pack.

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