Adani Group market cap losses reach $105 billion after share sale cancellation from flagship company

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Companies of Indian conglomerate Adani Group have now seen $105 billion wiped off their market capitalization, extending a slide after a critical report from...

Companies of Indian conglomerate Adani Group have now seen $105 billion wiped off their market capitalization, extending a slide after a critical report from a U.S. short-seller that the Indian company insists are “bogus.”

The most recent share-price slide came after it cancelled a $2.5 billion secondary share sale of Adani Enterprises. The share sale garnered some support from well-known Indian family businesses but the group said in a statement to the stock exchange that it would be returning the proceeds from the sale.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 3. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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Indian shares fall as insurance companies drag; Adani Group stocks tumbleIndian shares reversed earlier gains to trade lower on Wednesday, led by a fall in insurance companies after the country's Union budget proposed to limit tax exemptions for insurance proceeds, while Adani Group shares tumbled.
स्रोत: Reuters - 🏆 2. / 97 और पढो »

Adani Group stocks rout deepens to $72 bln despite share sale completionMost Adani Group stocks dropped on Wednesday, extending losses to $72 billion after a short-seller report criticised the conglomerate and despite the group completing a closely watched share sale a day earlier. share sale subscribed by other corporates. retail investors stayed away from these frauds. HindenburgRes need to ask those who participated in FPO, why they paid 3200Rs for a share offer when the market price was about 2950Rs. What's the catch here?
स्रोत: Reuters - 🏆 2. / 97 और पढो »

Indian shares fall as Union budget drags insurance cos; Adani Group stocks tumbleIndian shares reversed earlier gains to close lower on Wednesday, led by a fall in insurance companies after the country's Union budget proposed to limit tax exemptions for insurance proceeds, while Adani Group shares tumbled.
स्रोत: Reuters - 🏆 2. / 97 और पढो »