New Delhi. There has been a stir in the Adani Group after the release of the report of the American company Hindenburg. Andani Group’s stock has declined significantly. The net worth of the company has also come down. Adani Group has suffered a lot, after which the company has announced legal action against Hindenburg. On the other hand, Hindenburg says that after a thorough study of the facts, a report has been issued regarding the current financial condition of the company. After the release of the Hindenburg report, the share rates of Adani’s listed company have fallen significantly in the stock market.
Let us tell you that after Hindenburg, Adani has also slipped down in the list of rich. Earlier Adani was at number four in the list of the rich, but has now come at number seven. Keep in mind that earlier in the year 2022, Adani was among the top 10 billionaires in the world, but has now come at number seven in this list, which is said to be a big blow for him.
But, the year 2023 is not proving to be right for Adani Group. The initial month was fine, but later the situation worsened and he slipped down the list of the rich. His stock has also declined significantly, which has also affected the net worth of the company. Let us inform that the market cap has fallen to 2.37 lakh crores. On the other hand, after Adani’s report came, Adani’s market cap has come up to 2.37 lakh crores.
At the same time, Adani is said to be close to the Modi government. In such a situation, the market of discussions is buzzing in the business world that even after being close to power, how can Adani get such a big blow. Keep in mind that Hindenburg is an American company, which issues reports after studying the financial condition of various companies.
Till now Hindenburg has issued reports related to the financial conditions of many companies, but after the report of Adani Group, there has been an uproar in the business world as well as in the political world.
