Delhi: A month ago, a storm came in the life of Gautam Adani, this storm has not stopped yet. Just one report has shaken Adani’s empire. The Hindenburg Report of the American research firm has caused huge losses to the Adani Group. There was a loss of 12 lakh crores in a month. The total market cap of Adani Group’s shares fell 62% in a month to Rs 7.32 lakh crore. The Hindenburg report states that Adani Group’s shares were overdue. Adani’s fortunes have declined drastically after the Hindenburg Report. According to the latest data, now Gautam Adani is out of the top-25 richest people in the world and Adani has now come at the 30th position in the Bloomberg Billionaires Index.
what happened a month ago
On January 24, 2023, America’s short seller firm Hindenburg released a 106-page report on Gautam Adani. After this, the world’s attitude towards Adani Group companies changed. The group’s shares were also affected. Because of this report, Gautam Adani’s personal property also got drowned. Gautam Adani, who was in the list of the top 3 richest billionaires in the world a month ago, has now dropped out of the list of the top 25 richest people in the world at 30th position.
$77 billion loss
According to the Bloomberg Billionaires Index, Gautam Adani has suffered the maximum loss of wealth in January and February this year. During this, Adani has suffered a loss of $77 billion. The only consolation for the Adani group since January 24 is that the rating agencies of India have not yet downgraded the ratings of these companies. No changes have been made to it. But looking at the current situation of Gautam Adani and Adani Group, investors are also worried. Their earnings have also decreased in the last one month.
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