Adani’s 23% stock falls after the release of Hidenberg report

Adani loses about 23% of in stocks, losing 2.83 lakh Crore after the Hidenberg report was made public.

Adani Enterprises, Adani Total Gas, Adani Transmission, Adani Green Energy, and Adani Ports & SEZ were among the five Adani Group stocks to experience lower circuits on Friday. The losses from the trading session on Wednesday continued on Friday as shares of the Adani Group companies fell. Due to Republic Day, the market was closed on Thursday.

In a lengthy report published earlier this week, Hindenburg highlighted numerous charges against the conglomerate’s businesses, claiming the organization had “engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.”

Read Hidenberg’s report Click Here

Source: Live Mint, CNBC


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