These companies of Adani Group have pledged additional shares with SBI, know what is the matter
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Adani Group: Three companies of Adani Group have pledged additional shares with State Bank of India (SBI). Let us tell that a few days ago, after the report of fraud allegations against Adani of America’s short seller company Hindenburg, there has been a loss of more than $ 100 billion in its market value.
Pledged Shares of SBI Cap Trustee Company
The company said in a notice sent to the stock exchanges that group companies Adani Ports and Special Economic Zone (APSEZ), Adani Transmission Limited (Adani Transmission) and Adani Green Energy have transferred their shares to SBI Cap Trustee Company, a unit of SBI. Pledge the pass.
Know how many shares have been pledged
As per information, another 75 lakh shares of APSEZ have been pledged, after which 1 per cent of all its shares have been pledged with SBI Cap. At the same time, after pledging 60 lakh additional shares of Adani Green, 1.06 per cent of the total shares of the company were pledged with SBI Cap. Whereas, by pledging another 13 lakh shares of Adani Transmission, its total 0.55 per cent shares were pledged.
NSE gave relief news to Adani Group
Earlier, on Friday, NSE took Adani Ports and Ambuja Cements out of the additional surveillance framework, giving relief to Adani Group. In the beginning of February, NSE had put three shares of Adani Group under monitoring. Apart from Adani Ports and Ambuja Cements, Adani Enterprises was kept under surveillance by NSE.
Results of Adani Enterprises will come
The December quarter results of the group’s flagship company Adani Enterprises will come on Tuesday. These results can affect the movement of the company’s stock. Let us tell that in the Hindenburg report, many allegations have been made on the Adani group regarding loans including fake transactions, manipulation of shares. Since the publication of this report on January 24, the Adani group has suffered a loss of more than $117 billion.
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