THE BIG FALL
Business World India|February 25, 2023
The hammering received by the scrips of Adani Group companies in the wake of accusations of fraud and stock manipulation by US-based short seller Hindenburg Research will go down as the worst in the Indian stock market history
THE BIG FALL

Jan 24: US-based Hindenburg Research releases report on Adani Group companies

Report accuses the group of accounting fraud, stock manipulation, money laundering

Impact: M-cap of Adani Group companies start eroding sharply

Jan 27: Rs 2.37 lakh crore is wiped off in 2 days after the report surfaces

Feb 1: The group withdraws its Rs 20,000 cr FPO

FPO is fully subscribed despite the sharp fall in share price of group companies

Feb 3: Over Rs 10 lakh cr wiped off from the group’s market capitalisation

Jan 29: Adani Group’s response calls the report “nothing but a lie”

LIC, SBI say they are not “over-exposed” to Adani shares

Denne historien er fra February 25, 2023-utgaven av Business World India.

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Denne historien er fra February 25, 2023-utgaven av Business World India.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

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