CHRONOLOGY OF ADANI SAGA

A lot has happened ever since Hindenburg Research accused Adani Group of ‘brazen’ stock manipulation

Here’s a timeline of the events

7 listed Adani Group firms have an 85% downside on a fundamental basis due to extremely high valuations, alleged a study from Hindenburg

The following day, entities belonging to the Adani Group experienced a severe stock market correction

Adani Group responded to Hindenburg Research saying that the report was baseless

Adani Group said it was not merely an unwarranted attack on any specific company but a calculated attack on India

On February 1, Credit Suisse's private bank halted margin loans on Adani Bonds

The same day, Adani Group stocks lost $86 billion, forcing the Securities and Exchange Board of India (SEBI) to launch a probe

Later that night, Adani Group called off the Adani Enterprises FPO

On February 2, it was revealed that State Bank of India (SBI) had given $2.6 billion to companies in the Adani conglomerate