Hindenburg Impact: Adani's Wealth Down To 60 %, Lost Tag As Richest Indian, New Report Says
The report said India accounts for 5 per cent of the overall billionaire wealth in the world against 32 per cent of the US. China is home to the highest number of billionaires in the world, which is five times of India.
Mar 22, 2023, 18:43 PM IST
Adani Says Examining Legal Options Against Hindenburg; US Firm Stands By Its 106-Page Report
The Hindenberg report came just as a Rs 20,000 crore follow-on share sale of Adani Enterprises opened for institutional investors. All the listed stocks of the group took a beating after the report.
Feb 26, 2023, 07:19 AM IST
Majority Of Adani Group Firms Tumble On Friday; Some Hit Lower Circuit Limits In Intra-Day Trade
Shares of eight Adani Group firms out of the ten listed entities had ended in the negative territory on Thursday. Adani Group firms had fallen sharply on Wednesday, with all the listed firms ending in the red.
Feb 24, 2023, 19:51 PM IST
George Soros Says Turmoil at Adani Group may 'Weaken' Narendra Modi Govt
George Soros is a Hungarian-American businessman and philanthropist. He donated more than $32 billion to the Open Society Foundations.
Feb 17, 2023, 13:43 PM IST
Adani Group Touts 'Very Healthy' Balance Sheet in Bid to Calm Investors
Last week, Moody's Investors Service cited concerns about Adani's ability to raise capital or refinance maturing debt in the coming years while S&P Global Ratings cut the rating outlook for four group firms to negative from stable.
Feb 15, 2023, 15:41 PM IST
Adani-Hindenburg Saga: Global Firm Moody's Cuts Rating Outlook of Four Adani Companies from 'Stable' to 'Negative'
Adani group companies have lost USD 100 billion in market value since the US short-seller Hindenburg Research came out with a damning report alleging fraud at the conglomerate helmed by Gautam Adani.
Feb 11, 2023, 08:04 AM IST
Adani Group Hires US Law Firm Wachtell in Fight Against Hindenburg: Report
The Adani Group has attacked Hindenburg as "an unethical short seller" and stated that the report by the New York-based entity was "nothing but a lie".
Feb 10, 2023, 14:20 PM IST
LIC Management to Meet Adani Group Top Executives Soon, Says Chairman
Even after the Hindenburg report, LIC invested about Rs 300 crore in buying 9,15,748 shares in Adani Enterprises' Rs 20,000-crore follow-on public offer as an anchor investor.
Feb 10, 2023, 12:56 PM IST
SC Agrees to Hear Friday Plea Seeking Probe Into Hindenburg Research Report on Adani Firms
The Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations, including fraudulent transactions and share-price manipulation, against the business conglomerate.
Feb 09, 2023, 15:46 PM IST
Adani Enterprises to be Removed From Dow Jones Sustainability Indices
This announcement by S&P Dow Jones Indices comes a week after a report by a US-based Hindenburg Research, which surfaced on January 24, claimed the Adani Group of having weak business fundamentals, allegations of stock manipulation and accounting fraud, among others.
Feb 03, 2023, 13:16 PM IST
Adani Market Losses Snowball to $100 bln on Shelved Share Sale
In a late night announcement on Wednesday, Adani said he was withdrawing the share sale as the company's "stock price has fluctuated over the course of the day. Given these extraordinary circumstances, the company’s board felt that going ahead with the issue will not be morally correct."
Feb 02, 2023, 13:02 PM IST
FPO Withdrawn due to Market Volatility, Says Gautam Adani
The decision, Gautam Adani said, will not have any impact on existing operations and future plans. "We will continue to focus on timely execution and delivery of projects."
Feb 02, 2023, 09:39 AM IST
Adani Loses Asia's Richest Crown as Stock Rout Deepens to $84 billion
The losses mark a dramatic setback for Adani, the school-dropout-turned-billionaire whose business interests stretch from ports and airports to mining and cement.
Feb 01, 2023, 16:21 PM IST
