Most Adani shares continue bloodbath as Asia's richest man loses $36 billion in a month
Publishing timestamp: 2023-01-30 19:50:16
Summary
Shares of most Adani Group companies saw sharp losses for third consecutive trading session as company attempted to rebut short seller firm Hindenburg's report, which accused conglomerate of stock manipulation and "accounting fraud scheme." Adani Enterprises' stock price remains more than 25% lower month-to-date, Refinitiv data showed. Founder Gautam Adani's net worth has fallen $36.1 billion year-to-date, according to Bloomberg Billionaires index. Hindenburg on Monday morning described group's response "bloated" and claimed it "ignores every key allegation" against conglomerate that it raised.
Sentiment: NEGATIVE
Tickers: .NSEI, ADANIENT-IN, ADANIPORTS-IN, ADANIPOWER-IN, ADANIGREEN-IN, ATGL-IN, ADANITRANS-IN,
Keywords: adani green energy ltd, business news, india, adani port and special economic zone ltd, world markets, stock markets, markets, cnx nifty index,
Source: https://www.cnbc.com/2023/01/30/adani-shares-hindenburg-report.html