Adani group shares plunged the most by value in four months after Bloomberg reported that US authorities, including the department of justice and the Securities and Exchange Commission (SEC), launched an investigation into the conglomerate’s statements to American investors following short-seller Hindenburg Research’s allegations against it.
The combined market value of 10 group companies fell by $5.9 billion to $119.5 billion, marking the steepest decline since 22 February, when it slid by $6.3 billion to $91.43 billion. Adani Enterprises and Adani Ports, both Nifty stocks, registered a 6.83% and 4.2% decrease, respectively, in response to the report. Other notable losers were Ambuja Cements, Adani Power, and Adani Transmission, which experienced declines ranging from 4.3% to 5.8%.
Denne historien er fra June 24, 2023-utgaven av Mint Mumbai.
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Denne historien er fra June 24, 2023-utgaven av Mint Mumbai.
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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