Since the short-seller Hindenburg Group accused Adani’s companies of engaging in stock manipulation and accounting fraud last week, Adani has dropped from third to 16th on.
Since the short-seller Hindenburg Group accused Adani’s companies of engaging in stock manipulation and accounting fraud last week, Adani has dropped from third to 16th on
-$22 billion in a day then -$12 Billion another day
So sad third richest in Asia. 3rd among half the world population
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Who is Mukesh Ambani? He is now Asia’s richest person after Adani stocks tumbleMukesh Ambani overtook Gautam Adani as India’s richest man on Wednesday as the fallout from a short seller report into the Adani Group continues to erase...
Source: MarketWatch - 🏆 3. / 97 Read more »
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?
Source: Reuters - 🏆 2. / 97 Read more »