Adani's market loss swells to $70 billion as its fight with short-seller escalates By Reuters

NEW DELHI - Adani group shares extended their sharp falls on Monday as the Indian conglomerate's rebuttal of a U.S. short-seller's criticism failed to pacify investors, driving stock market losses for the companies to almost $70 billion over three days.

Adani Transmission, Adani Total Gas, Adani Green Energy, Adani Power, Adani Wilmar and Adani Ports and Special Economic Zone fell between 4.2% and 20% on Monday. Initial data from stock exchanges on Monday showed Adani has now received bids for 687,840, or 1.5%, of the 45.5 million of shares on offer. The deal closes on Tuesday.

"While there is a risk that the share sale does not go through, it will be crucial today to wait and see how institutional investors participate." Maybank said in a statement"there is no financial impact" on it as the subscription to Adani's offer was fully funded by client funds.

BIT FIGHT! ONE GUY SENT A LETTER AND THE OTHER GUY SENT A LETTER BACK. WATCH OUT! MORE LETTERS TO BE DRAFTED!

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Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Adani Group: Hindenburg report intended to create false marketIndia's Adani Group said on Sunday that a Jan. 24 report by short seller Hindenburg Research that led to a $48 billion rout in its stock was intended to create a false market to enable the short seller to book gains. Lmfao Hidenburg short sellers hai paise kama liye Ab use koi fark nai padta Western countrys ka hamaesa aisa rule raha hai every thief says they didnt so it. Adani following same route.
Bron: Reuters - 🏆 2. / 97 Lees verder »