Adani Group Stocks Market Cap: Due to the sharp fall in Adani Group Stocks, the market capitalization of Adani Group companies listed on the stock exchange has suffered a dent of Rs 2 lakh crore in a single day. Due to the fall of up to 20 percent in the shares of Adani Group, the market capitalization of the group has come down to Rs 12.3 lakh crore. The net worth of Adani Group Chairman Gautam Adani has fallen by $12.1 billion in a single day.
Adani stocks fell by 20 percent
After Gautam Adani was accused of bribery and fraud in the US Federal Court, there was a sharp fall in the shares of Adani Group as soon as the Indian stock market opened in the morning. The stock of Adani Energy Solutions and Adani Enterprises fell by 20 percent. A decline of 15 percent is seen in Adani Ports, 18.31 percent in Adani Green Energy, 11.54 percent in Adani Power, 10 percent in Adani Wilmar, 1084 percent in Ambuja Cement, 13.37 percent in Adani Total Gas.
Big fall in net worth of Gautam Adani
According to the Forbes Real-Time Billionaires List, due to the sharp fall in the shares of Adani Group, on November 21, Gautam Adani’s net worth declined by $ 12.1 billion or 17.28 percent to $ 57.8 billion in a single session.
Big statement from Moody’s Ratings
Rating agency Moody’s Ratings has said that the news coming from America regarding Adani Group and Gautam Adani is negative for Adani Group companies. Moody’s said, “While assessing the Adani Group, our focus is on the ability of the group companies to raise capital to meet the cash requirements.”
Big fall in GQG shares
After Hindenburg’s allegations in March 2023, Rajiv Jain’s GQG Partners invested in Adani Group and bailed it out. But after the trouble faced by Adani Group, shares of GQG itself have fallen by 26 percent in Australia. GQG said in its statement that it is studying the entire matter.
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Adani Group Stocks: There was an outcry in the shares of Adani Group, stocks fell by 20 percent.
