Gautam Adani: Adani has suffered a loss as much as the GDP of this country in a week.
New Delhi : American research institute Hindenburg Research (Hindenburg Research) Reporting by Gautam Adani (Gautam Adani) His empire broke. The Adani Group collapsed in the storm that raged for the last ten days. The group still hasn’t recovered from the blow. Apti bar is running in 10 shares of Adani Group. The company’s stock declined in the last six days, causing a loss of $ 107 billion, or about Rs 8.76 lakh crore. The loss is estimated to be as high as the gross national income of some countries. (GDP) This is a disadvantage.
rupee to dollar exchange rate (exchange rate) As of 81.80, the gross national income (GDP) of Ethiopia or Kenya is $110–111 billion. That is, in the last 6 days, Gautam Adani has lost as much wealth as the GDP of Kenya and Ethiopia.
Adani Total Gas, a subsidiary of the Adani Group, reported a loss of $29 million. As of January 24, Gautam Adani had a personal net worth of $119 billion, according to the Bloomberg Billionaires Index. On this day Hindenburg presented his research report.
Adani’s empire was shaken after this report. In September last year, the total assets were more than $ 150 billion. Gautam Adani has lost more than $ 86 billion since September. Gautam Adani has so far lost property equal to the GDP of Bulgaria.
According to the Bloomberg Billionaires Index, Adani has lost about $50 billion in net worth so far this year. His net worth decreased by $15 billion in just one day. His net worth dropped to less than $64 billion.
These developments have affected his wealth. Now Adani’s position has dropped in the list of global billionaires and he has come at the 16th position. So there is a possibility that his address will be cut from the list of rich people of Asia.
Adani Enterprises, the flagship company of Adani Group, launched a Rs 20,000 crore FPO in the market. But this forced him to cancel the FPO. Also, now they are asking banks to give them loans. The pressure on LIC has also increased.
Adani himself tried to give relief to the investors by giving a statement on this matter. Also appealed to have faith in the group. However, this appeal does not seem to have any effect on the investors. Adani’s stock had gained 800 per cent in the last five years. But the stock fell 40 per cent in five days.
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