Adani Group stocks add to losses from short-seller attack

Adani Transmission tumbled 19.2 per cent and Adani Total Gas sank 19.1 per cent in their biggest daily drop since mid-March 2020, while Adani Green Energy sank 15.8 per cent.

Adani Enterprises, which kicks off a US$2.45 billion secondary share sale on Friday, dropped 6.2 per cent, before paring some losses. The stock was last down 2.2 per cent. Shares in seven listed group companies of Adani lost US$10.73 billion in market capitalisation in India on Wednesday after Hindenburg said it heldAdani Group dismissed the report as baseless.

Meanwhile, billionaire US investor Bill Ackman lent credence to the Hindenburg report, saying that he found it"highly credible and extremely well researched."

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Adani Group stocks add to losses from short-seller attackBENGALURU : Shares of Adani Group's listed companies fell on Friday, adding to their losses from Wednesday when U.S. short-seller Hindenburg Research launched a scathing attack on the conglomerate.Adani Transmission Ltd tumbled 19.2 per cent and Adani Total Gas sank 19.1 per cent in their biggest daily dr
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Indian shares fall as financials slide; Adani stocks tumbleBENGALURU :Indian shares opened lower on Friday as financials sustained the slide on risk aversion due to Hindenburg's report on the books of Adani group companies, which offset easing concerns of recession in the U.S.The Nifty 50 index was down 1.14 per cent at 17,683.40 as of 10:15 a.m. IST, while the S&P B Oops! Another fish fried!
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »