Adani Group's debt concern may be overstated, says proxy advisory firm SES

<ul><li>The apples-to-airport conglomerate has been rocked by a damning report by US short-seller Hindenburg Research which alleged ‘brazen stock manipulation and accounting fraud’ and use of a number of offshore shell companies to inflate stock prices.</li></ul>

India's Enron Moment? Gautam Adani slips to No.30, group stocks lose ₹12 lakh crore in 1 month

Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020.

Three Adani Group stocks plummet up to 80% in a month; m-cap drops below ₹6.5 lakh crore

Shares of Adani Total Gas, Adani Green Energy, and Adani Transmission have lost 80%, 74.5%, and 74.2% of their value, respectively, in a month. From their 52-week highs, these three stocks have plummeted between 80% and 84%. Since the Hindenburg report was released, the seven Adani Group stocks have suffered a massive loss of Rs. 11 lakh crore in market value.

Adani's wealth falls below $50 billion: A list of Indian billionaires who lost their fortunes

The wealth loss of Indian billionaires is a reality that highlights the unpredictability of financial markets and the potential risks associated with high-stake investments. Several wealthy individuals in the country have found themselves watching their fortunes melt away due to a variety of factors, including economic downturns, debt crises, and failed business ventures. The latest in the list is Gautam Adani who has seen a massive decline in his wealth after the Hindenburg report accused the Adani Group of engaging in stock manipulation and accounting fraud that led to the shares of the group companies falling sharply.

Hindenburg saga: Six Adani Group stocks lose ₹94,000 crore in m-cap this week; Adani Wilmar only gainer

<ul><li>In the third week of February, the market capitalisation of six Adani Group stocks fell by nearly ₹94,000 crore with Adani Total Gas Ltd (down ₹30,945 crore) being the top laggard followed by Adani Transmission Ltd (down ₹29,261 crore).</li></ul>

Most Adani stocks rise in early trade after attempt to assuage investors

<ul><li>Adani Green shares were up 3% on Friday, after losing nearly 70% since a Jan. 24 report by U.S. short seller Hindenburg Research. Adani Power climbed 5%, while Adani Ports and Special Economic Zone was marginally higher.</li></ul>

Hindenburg row: The top 5 MF schemes with highest exposure to Adani Group stocks – should you sell?

NJ Mutual Fund, which had the highest exposure to Adani stocks as on December 31, 2022, sold most units in January. Adani holdings as percentage of overall equity AUM at NJ MF now stand at 3.8% as on January 31, 2023.

Adani Group hires banks to hold fixed-income investor calls

Barclays Plc, BNP Paribas SA, DBS Bank Ltd, Deutsche Bank AG, Emirates NBD Capital, ING Groep N.V., MUFG, Mizuho, SMBC Nikko and Standard Chartered Bank are organizing the calls.

Adani Group firms fall for 2nd day running, Adani Enterprises down nearly 5%

<ul><li>Some of the group firms also touched their lower circuit levels. The stock of Adani Power nosedived to ₹148.30, Adani Transmission to ₹1,070.55, Adani Green Energy to ₹653.40 and Adani Total Gas to ₹1,135.60 on the bourse.</li></ul>

Hindenburg row: Moody's cuts rating outlook on 4 Adani companies

<ul><li>In a statement, Moody's said the rating outlook for Adani Green Energy Ltd, Adani Green Energy Restricted Group, Adani Transmission Step-One Ltd and Adani Electricity Mumbai Ltd has been changed to negative from stable.</li></ul>

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Adani Group's debt concern may be overstated, says proxy advisory firm SES

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