Shares of Adani Enterprises, the conglomerate's flagship, lost 28% in one day on Wednesday and are down 43.5% in market value this year.but Hindenburg has also doubled down on its initial report.
The fallout has rattled the market. The Securities and Exchange Board of India, the country's market regulator, is looking into the massive selloff, as well as any irregularities in the secondary share sale,Adani himself has lost nearly $50 billion in net worth from the stock rout this year so far, costing him the crown as Asia's richest person, per the
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indian tycoon Gautam Adani pulls $2.5B share sale in flagship companyIndian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire They whined their helper Do your shitty journalists do a proper reporters job amd investigate these allegations, or you're just gonna leave it to the short seller?
Source: BusinessInsider - 🏆 729. / 51 Read more »