News Formal

Adani's market losses top $100 bln as shelved share sale spooks investors

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

India's Adani Group shares sank after market turmoil forced the conglomerate to axe a crucial $2.5 billion stock offer, deepening its market losses to more than $100 billion and sparking worries about the potential systemic impact

Since Hindenburg's report on Jan. 24, group companies have lost nearly half their combined market value. Adani Enterprises - described as an incubator of Adani's businesses - has lost $26 billion in market capitalisation.

"We see the market is losing confidence on how to gauge where the bottom can be and although there will be short-covering rebounds, we expect more fundamental downside risks given more private banks likely to cut or reduce margin," said Monica Hsiao, chief investment officer of Hong Kong-based credit fund Triada Capital.

The cancelled fundraising was critical for Adani, which had said it would use $1.33 billion to fund green hydrogen projects, airports facilities and greenfield expressways, and $508 million to repay debt at some units.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 2. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

GautamAdani when u r cancelling FPO means u all of sudden come to know that money not needed then why initiated FPO? What was to be done with Crores or rupees? Smelling stale? ZeeBusiness CNBC_Awaaz ETNowSwadesh scammers AdaniGroup AdaniEnterprises HindenburgReport

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Adani market losses snowball to $100 bln on shelved share saleIndia's Adani group shares sank on Thursday after market turmoil forced the conglomerate to axe a crucial $2.5 billion stock offer, deepening its market losses to more than $100 billion and sparking worries about the potential systemic impact.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

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?
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Adani Group market cap losses reach $105 billion after share sale cancellation from flagship companyCompanies of Indian conglomerate Adani Group have now seen $105 billion wiped off their market capitalization, extending a slide after a critical report from...
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »