Adani Loses $4 Billion As Questions About His Company’s Loan Repayments Trigger Stock Sell-Off

Shares of Adani Group’s listed firms were hit by a sell-off Tuesday after Indian media reports raised questions about the conglomerate’s debt repayment claims, resuming a fall in the group’s stock prices that began in January following short seller Hindenburg

Group scathing report accusing the group of fraud and stock manipulation.... [+]Shares of the conglomerate’s flagship firm Adani Enterprises were down around 7% in late afternoon trading local time, while shares of the group’s other listed firms slumped around 5%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Forbes /  🏆 394. in ZA

All global investors reading this should withdraw their money from India ASAP….. the whole country is about to collapse. It will be bigger than most people think.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Adani Loses $4 Billion As Questions About His Company’s Loan Repayments Trigger Stock Sell-OffReports published in the Indian media on Tuesday raised fresh questions about Adani Group’s debt. 🤣🤣🤣🤣
Read more »

Micron earnings: What to expect when the memory-chip company reports TuesdayMicron Technology Inc. will report fiscal second-quarter earnings after U.S. markets close on Tuesday.
Read more »