In Numbers: Here’s how Adani Group’s market cap changed since Hindenburg report2 min read . Updated: 04 Feb 2023, 10:46 AM IST
Adani Group postponed a crucial $2.5 billion stock sale owing to market volatility, which escalated its market losses to more than $100 billion.
According to a January 24 analysis by Hindenburg Research, seven listed Adani Group companies have an 85% downside on a fundamental basis because of extraordinarily high valuations. The report raised questions about debt levels and potential unlawful use of tax havens.
Select your Category