While Adani Transmission’s stocks were worst hit, none of the group's seven listed companies escaped impact, with their stock prices falling between 10% & 27%.
Hindenburg Research report on Gautam Adani's business empire sparked a $51 billion sell-off in shares of his group companies, pushing him 4 places down on the world billionaire index.
According to sources, the market regulator will study a report issued by Hindenburg Research to add to its own ongoing preliminary probe into the group’s foreign portfolio investors
Shares of the listed Adani firms that plummeted include Adani Transmission, Adani Total Gas & Adani Green Energy sinking 20% each while Adani Ports and Special Economic Zone fell 16.3%.
The Hindenburg report, which alleged stock manipulation, led to seven listed group firms of Adani losing $10.73 billion in market capitalisation on Wednesday.
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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