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Group’s stocks in free fall as Gautam Adani seeks crucial funding

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इंडिया समाचार समाचार

Indian billionaire needs to do more to restore confidence in his conglomerate’s financial health after accusations of fraud

The brutal stock rout in Gautam Adani’s companies continued on Friday, an indication that the billionaire needs to do more to restore confidence in his conglomerate’s financial health after accusations of fraud by Hindenburg Research.

The group’s 10 stocks all fell in early Mumbai trading, with $120bn, or more than half of their combined value, erased since the US-based short seller last week claimed that offshore shell entities were used to inflate Adani group’s revenues and manipulate stock prices. Flagship Adani Enterprises sank as much as 25%, taking its decline to 66% in seven trading sessions...

 

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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:

 /  🏆 12. in İN

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Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Gautam Adani isn't Asia's richest person anymore after losing over $50 billion | Business InsiderWith an estimated net worth of $74.7 billion, Adani now ranks as the world's 15th richest person on Forbes' billionaire list.
स्रोत: BISouthAfrica - 🏆 34. / 51 और पढो »

International Finance: Adani in crisis as bonds hit distressed levels, stock sale axedGautam Adani’s beleaguered empire is spiralling into crisis, as the fallout from a short-seller’s fraud allegations leads to a worsening meltdown in the indebted conglomerate’s securities.
स्रोत: dailymaverick - 🏆 3. / 84 और पढो »