Seven listed companies of the conglomerate controlled by Gautam Adani have lost a combined $48 billion in market valuation since Hindenburg report came out
Adverse feedback could lead to reduction in weightage of Adani stocks in MSCI indices
The chances are that as the din over the Karnataka election gathers steam, these things will be quickly forgotten
Gautam Adani, the school drop-out turned billionaire who rose to become Asia's richest man, faces possibly the biggest challenge of his career after a US short seller cast doubts on his business
The regulator had sought clarity from the group on these entities when the group approached it for regulatory clearance last year. These responses are under regulatory examination, sources said
The last time a bear attack was launched on a businessman gaining prominence rapidly was in the early 1980s when a cabal of brokers took on "an over-priced Reliance share", recalls T N Ninan
If Adani's companies can deliver a fraction of what he has pledged, then perhaps, in time, they might even grow into the valuations they have already achieved on paper
No new facts in Hindenburg report about Adani Group, says corporate governance firm
Adani Group firms lost $11 billion in market capitalisation on Wednesday after New York-based Hindenburg Research flagged concerns in a report about debt levels and the use of tax havens
CLSA said that even though the group's bank debt has increased 25 per cent in the past three years, the share of bank debt in overall group debt has reduced
US firm stands by report, says will demand documents in legal battle
If Hindenburg is right, then a network of shadowy operators has placed itself right in the middle of those conflicting impulses
Hindenburg Research: The name is based on the Hindenburg disaster of 1937, when a German passenger airship caught fire, killing 35 people
In an approximately 100-page report, Hindenburg Research alleges a web of Adani-family controlled offshore shell entities in tax havens, in the Caribbean, Mauritius and the United Arab Emirates
Adani group questions report's timing, calls it malicious
Seven listed entities suffer a cumulative Rs 85,761 crore erosion in market value
Hindenburg Research said that it was shorting Adani group's stocks and accused the firms of 'brazen' market manipulation and accounting fraud
Adani rocketed up the Bloomberg Billionaire's Index last year past the likes of Bill Gates and Warren Buffett
The seven listed companies of the Adani group, which is controlled by world's third richest man Gautam Adani, have an 85% downside on a fundamental basis due to sky-high valuations
The net worth of Gautam Adani, the chairman of Indian conglomerate Adani Group, now stands at $120 billion while Jeff Bezos net worth rose to $121 billion