New Delhi. Billionaire businessman Gautam Adani is in discussions these days due to one loss after another. Group chairman Gautam Adani has suffered another major setback. Adani Enterprises shares have taken a beating from the US market after the National Stock Exchange (NSE) put Adani Enterprises, Adani Ports and Ambuja Cement stocks on watch list. The stock is now on the verge of being kicked out of the Dow Jones Sustainability Index. Its effective time is starting from Tuesday, February 7. This information has been given by the US market.
Let us tell you that the American Stock Exchange announced the exclusion of Adani Enterprises from the S&P Dow Jones Sustainability Index after media and stakeholder analysis triggered by allegations of stock manipulation and accounting fraud to Adani Enterprises. Will be removed from the stability index. The announcement of the index states that the S&P Dow Jones Indices will make the changes effective prior to the opening on Tuesday, February 7, 2023. There is a huge fall in the shares of Adani Group after the Hindenburg report. In last six sessions, Adani Enterprises share price on NSE has fallen to over ₹1,565 level, taking a dive of 55 per cent from ₹3,442. Adani is facing setbacks Adani is facing difficulties since 25th January.
Significantly, in the last 9 days, Adani Group is estimated to have incurred a loss of more than Rs 8 lakh crore. Many stocks of Adani Group have come down below 60 percent. Because of this, Gautam Adani was slammed from fourth to 21st in the list of top-10 billionaires of Bloomberg Billionaire Index. This year, Adani’s assets have reduced by $ 59.2 billion to $ 61.3 billion. Adani has got a blow of about $ 52 billion in just one week. RBI has sought information from all banks on loans given to Adani Enterprises. At the same time, Adani Group has talked about canceling the fully subscribed FPO worth Rs 20,000 crore and returning the money to the investors. Now the American stock market has also put in trouble.