Share prices fell "Adani Green Energy" And"Ports condemned me" And"Adani Total Gas" And"Adani Transmission" 10 percent also suspended its trading, while the price of shares fell "Wilmar condemned me" by 5 percent.
This decline in the price of Adani’s shares for the sixth day in a row comes in the wake of accusations of accounting fraud reported by the American investment company "Hindenburg Research" in last week’s report.
Bloomberg, the financial news agency, reported that this case caused the companies included in the Adani Group to lose $104 billion.
Adani’s personal wealth fell to tens of billions of dollars, which led to his loss of the title of the richest man in Asia.
The losses represent a sharp setback for Adani, who dropped out of education and turned into a billionaire, whose wealth has skyrocketed in recent years, in line with the increase in the value of shares of his companies, which include ports, airports, mining companies, cement companies, and electricity companies. Adani is currently struggling to restore stability to his companies and defend his reputation.
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share price fellAdani EnterprisesThe value of the group increased by 10 percent at the beginning of trading, according to data Bombay Stock Exchangewhich led to the halting of deals.
Share prices fellAdani Green Energyand Adani Portes,Adani Total GasAnd “Adani Transmission” also 10 percent and suspended its trading, while the share price of “Adani Wilmar” fell by 5 percent.
The drop in Adani’s share price for the sixth day in a row follows accusations of accounting fraud that the US investment firm, Hindenburg Research, reported in a report last week.
Bloomberg, the financial news agency, reported that this case caused the companies included in the Adani Group to lose $104 billion.
Adani’s personal wealth fell to tens of billions of dollars, which led to his loss of the title of the richest man in Asia.
The losses represent a sharp setback for Adani, who dropped out of education and turned into a billionaire, whose wealth has skyrocketed in recent years, in line with the increase in the value of shares of his companies, which include ports, airports, mining companies, cement companies, and electricity companies. Adani is currently struggling to restore stability to his companies and defend his reputation.
