Gautam Adani Group

Adani Group Chairman Gautam Adani has gone from being the world's third richest person on 17 January to not even being among the top 20 on Friday, ...

An additional surveillance measure (ASM) was introduced by the Indian market regulator SEBI and the bourses as a risk containment and surveillance to monitor highly volatile stocks. Meanwhile, the National Stock Exchange (NSE) has put three Adani stocks, namely, Adani Enterprises, Adani Ports, and Ambuja Cements, under the additional surveillance measure (ASM) framework from 3 February 2023. In the aftermath of the allegations leveled by Hindernburg, [Adani ](https://www.financialexpress.com/market/adani-enterprises-share-price-tanks-10-as-chairman-gautam-adani-calls-off-rs-20000-cr-fpo/2968859/)has gone from being the biggest wealth gainer in 2022 to becoming the biggest loser on Bloomberg’s rich list this year. Citigroup Inc.’s wealth arm has also stopped accepting securities of Gautam Adani’s group of firms as collateral for margin loans as banks ramp up scrutiny of Adani’s finances. [Gautam Adani](https://www.financialexpress.com/industry/mukesh-ambani-becomes-richest-asian-again-as-stock-meltdown-wipes-billions-off-gautam-adanis-net-worth/2969119/) is now India’s second richest and the third richest Asian. Hindenburg, the US-based short seller with its 103-page scathing report revived old doubts about corporate governance at the [Adani ](https://www.financialexpress.com/market/7-days-of-adani-share-prices-rout-since-hindenburg-to-fpo-withdrawal-investor-wealth-nearly-halved/2969251/)conglomerate.

Adani Group stocks extended their fall on Friday, with flagship company Adani Enterprises' shares tanking over 25%

Since the allegations were made by Hindenburg Research, several financial institutions from New York to London and Tokyo have dissected their exposure to ...

> The turmoil has not only hammered Adani Group shares but is also hitting banks that have given loans to the companies. Since the [Hindenburg Research report ](https://www.hindustantimes.com/business/explainer-adani-vs-hindenburg-all-you-need-to-know-about-the-story-so-far-101675299060318.html)on January 24, accusing the Adani Group of stock manipulation and accounting fraud, it has lost $108 billion in market value, Bloomberg reported. > Since Hindenburg's report on January 24, Adani Group companies have lost nearly half their combined market value. 2 among the world’s wealthiest. Mizuho Securities has managed debt issuance by Adani companies, public documents show. Since the allegations were made by Hindenburg Research, several financial institutions from New York to London and Tokyo have dissected their exposure to Gautam Adani, ranked no.

Fitch रेटिंग्स ने कहा कि इस प्रकरण का अडानी समूह की कंपनियों या सिक्योरिटीज की रेटिंग पर ...

Adani Group Crisis: अमेरिकी शॉर्ट-सेलर फर्म हिंडनबर्ग की रिसर्च रिपोर्ट के बाद अडानी ग्रुप की ...

The embattled Indian tycoon now has a net worth of $61.3 billion after a market rout erased half of his conglomerate's market value.

- Larry Page — $98.4 billion - Larry Ellison — $102 billion So far this year, Mr Arnault has added $30.7 billion to his fortune. - Jeff Bezos — $136 billion The size of the wipeout increased to more than $118 billion on Friday as the sell-off continues. - Bernard Arnault — $193 billion

Adani Group : जाने-माने लेखक नासिम निकोलस तालेब ने मुश्किलों से जूझ रहे भारतीय अरबपति गौतम ...

Hindenburg Research Report ने गौतम अडाणी को एशिया के दूसरे सबसे अमीर व्यक्ति के पायदान से खिसका कर ...

Future of the Dharavi Redevelopment Project (DRP); the Navi Mumbai International Airport, and the plans to expand the electricity distribution business to ...

Gautam Adani Net Worth: अमेरिकी रिसर्च फर्म हिंडनबर्ग की रिपोर्ट पब्लिश होने के बाद अडानी ग्रुप ...

Gautam Adani की संपत्ति में आई जोरदार गिरावट के चलते जहां वे अब 20 शीर्ष अरबपतियों की लिस्ट से बाहर हो गए हैं. Bloomberg Billionaires Index के मुताबिक, गौतम अडानी की नेटवर्थ में आई गिरावट के चलते अब वे अरबपतियों की लिस्ट में खिसककर 21वें पायदान पर पहुंच गए हैं. इस रिपोर्ट में Adani Group की कॉर्पोरेट गवर्नेंस पर निशाना साधते हुए कई गंभीर सवाल किए गए हैं. Gautam Adani गुरुवार को 64.7 अरब डॉलर के साथ दुनिया के अमीरों की लिस्ट में 16वें नंबर पर थे और महज 24 घंटे में ही वे पांच पायदान नीचे खिसककर 21वें नंबर पर पहुंच गए हैं. शेयरों में गिरावट के चलते बने हालातों के बीच अब गौतम अडानी फेसबुक के मार्क जुकरबर्ग से भी पीछे हो गए हैं. ताजा आंकड़ों के मुताबिक, Gautam Adani अब दुनिया 20 सबसे अमीर लोगों की लिस्ट से भी बाहर हो गए हैं.

India Business News: Gautam Adani's businesses are in a tailspin after allegations of fraud by a short-seller erased half of the group's market value.

Adani gave a video speech on Thursday stating that the group’s balance sheet is healthy. Adani’s proposed loan prepayment would see lenders release some of the stock in the group’s companies that was pledged as collateral, Bloomberg News reported, citing a person with knowledge of the matter. The firm was one of the 10 bookrunners on the record share sale that Adani Enterprises abruptly abandoned earlier this week. “The use of every rupee on balance sheet is critical now. told some clients that the debt can offer value due to the strength of certain assets. The continued slump reflects worries about Adani’s access to funding after the tycoon scrapped a key stock offering this week, and as long-held concerns about the group’s debt load were propelled onto the global stage by Hindenburg.

Adani, who only last week was the world's third-richest person, has seen his net worth halve in the ten days since his Adani Group was accused of fraud and ...

Adani Group [says](https://www.forbes.com/sites/siladityaray/2023/01/26/adani-group-evaluating-legal-action-against-hindenburg-after-listed-shares-take-major-hit/?sh=1ac547413741) it is weighing legal action against the activist investor group, something a nonplussed Hindenburg has [dared](https://www.theguardian.com/business/2023/jan/27/hindenburg-research-dares-adani-group-to-sue) the group to do in light of its “baseless” claims. In a report justifying its position, Hindenburg [accused](https://hindenburgresearch.com/adani/) the Adani Group of operating “the largest con in corporate history.” It said the group was running a decades-long fraud scheme that involved “brazen accounting fraud, stock manipulation and money laundering.” The group has strenuously denied the allegations and invoked [nationalist sentiment in India](https://www.forbes.com/sites/siladityaray/2023/01/31/adani-taps-indian-nationalist-fervor-to-salvage-his-empire-as-he-slides-in-billionaire-rankings/?sh=3383452775d3) to defend itself, dismissing the report as an act of foreign sabotage against one of India’s biggest companies. [disclosed](https://www.forbes.com/sites/siladityaray/2023/01/25/adani-group-shares-slide-after-hindenburg-alleges-largest-con-in-corporate-history/?sh=48f6e8ed3564) a short position against the conglomerate. A large portion of Adani’s net worth stems from his stake in the Adani Group, which he chairs. Before the revelation and strong market reaction, Adani was worth an estimated $126.4 billion and the third-richest person in the world. These movements could knock Adani back out of Forbes’ list of the world’s 20 richest people. The group [canceled](https://www.forbes.com/sites/johnhyatt/2023/02/01/adani-enterprises-cancels-25-billion-share-sale-amid-fraud-accusations/?sh=49e6d43f4ca2) its latest $2.5 billion stock offering amid the chaos and the situation has spilled over and [become](https://www.hindustantimes.com/india-news/adani-crisis-oppn-demands-probe-into-lic-sbi-exposure-endangering-savings-101675317209169.html) a major [political issue](https://www.hindustantimes.com/india-news/keep-focus-on-budget-stay-away-from-adani-row-bjp-to-party-leaders-101675362782721.html) in India. The market volatility following Hindenburg’s allegations means the value of Adani Group’s listed companies, and therefore Adani himself, can alter significantly throughout the course of trading hours. He now sits behind the likes of Amazon founder Jeff Bezos ($136 billion), Bill Gates ($106 billion), Michael Bloomberg ($76.8 billion) and Mark Zuckerberg ($76.6 billion). [Jim](https://www.forbes.com/profile/jim-walton/?list=rtb/&sh=28f4f59c12d8) and [Rob Walton](https://www.forbes.com/profile/rob-walton/?list=rtb/&sh=3e4f6cc270b3) and out of the list of the world’s 20 wealthiest people. Adani’s net worth has halved in the ten days since Hindenburg Research revealed its short position against Adani Group on January 24. [Mukesh Ambani](https://www.forbes.com/profile/mukesh-ambani/?list=rtb/&sh=4a9ba384214c) and [China’s Zhong Shanshan](https://www.forbes.com/profile/zhong-shanshan/?list=rtb/&sh=3bdb483249ae), respectively worth an estimated $82.9 billion and $69.2 billion.

अडानी ग्रुप (Adani Group) के शेयरों में आ रही गिरावट के बीच ग्लोबल रेटिंग एजेंसी Fitch ने बड़ी ...

इसके बाद से ग्रुप की कंपनियों के शेयरों में भारी गिरावट देखने को मिली. अडानी ग्रुप की कंपनियों का मार्केट कैप घटने से गौतम अडानी की नेटवर्थ में भी भारी गिरावट आई है. अडानी एंटरप्राइजेज के शेयरों में आज भारी गिरावट देखी गई. गौरतलब है कि जिस दिन से अडानी ग्रुप को लेकर हिंडनबर्ग की रिपोर्ट सामने आई है, उसी दिन से अडानी ग्रुप के शेयरों में तेज गिरावट देखी जा रही है. रेटिंग एजेंसी की रिपोर्ट अडानी समूह के शेयरों में सप्ताह भर से जारी गिरावट के बीच आई है. फिच रेटिंग्स का कहना है कि अडानी ग्रुप और उसकी संपत्तियों की रेटिंग पर हिंडनबर्ग की रिपोर्ट के बाद कोई तत्काल प्रभाव नहीं पड़ा है.

A timeline of how Adani's publicly listed companies—and net worth—lost billions in a stock market rout triggered by damning allegations from Hindenburg ...

[reported](https://www.reuters.com/world/india/india-govt-touch-with-market-regulator-adani-group-source-2023-02-01/) that it was in touch with the Securities and Exchange Board of India (SEBI) on the matter. On Thursday the Reserve Bank of India (RBI) [sought details](https://indianexpress.com/article/business/rbi-asks-countrys-banks-details-of-exposure-adani-group-sources-8419306/) from domestic banks about their exposure to Adani Group—including collateral used to back any loans to the conglomerate. The billionaire’s statement fails to assuage the markets, pushing Adani down to 16th Forbes’ list of the world’s richest people with an estimated net worth of $64.2 billion. 15 on the list of the world’s richest people with an estimated net worth of $74.7 billion. [Adani Taps Indian Nationalist Fervor To Salvage His Empire—As He Slides Down Billionaire Ranks](https://www.forbes.com/sites/siladityaray/2023/01/31/adani-taps-indian-nationalist-fervor-to-salvage-his-empire-as-he-slides-in-billionaire-rankings/?sh=6c3cd56375d3) (Forbes) [Gautam Adani Is No Longer Asia’s Richest Person As His Empire Takes A Major Hit Following ‘Corporate Con’ Accusations](https://www.forbes.com/sites/siladityaray/2023/02/01/controversy-embroiled-gautam-adani-loses-asias-richest-title-to-mukesh-ambani/?sh=51d4450f6765) (Forbes) [Who Is Gautam Adani, The Indian Billionaire That Short Seller Hindenburg Says Is Running A ‘Corporate Con’?](https://www.forbes.com/sites/forbeswealthteam/2023/01/26/who-is-gautam-adani-the-indian-billionaire-that-short-seller-hindenburg-says-is-running-a-corporate-con/?sh=2abd5ed1d535) (Forbes) On Wednesday evening, Reuters [first public remarks](https://www.forbes.com/sites/siladityaray/2023/02/02/gautam-adani-addresses-scrapped-public-offering-in-first-public-remarks-since-hindenburg-allegations/) since Hindenburg’s allegations Adani addresses the [cancellation](https://www.forbes.com/sites/johnhyatt/2023/02/01/adani-enterprises-cancels-25-billion-share-sale-amid-fraud-accusations/) of his flagship firm’s $2.5 billion follow-on offering saying it would been morally incorrect to proceed amid market volatility. Adani and Indian laws for “remedial and punitive action against Hindenburg Research.” There’s no change in Adani’s net worth as Indian markets remain closed for Republic Day. [loses the title](https://www.forbes.com/sites/siladityaray/2023/02/01/controversy-embroiled-gautam-adani-loses-asias-richest-title-to-mukesh-ambani/) of Asia’s richest person to compatriot Mukesh Ambani, and slides down to No. [institutional investors](https://www.forbes.com/sites/johnhyatt/2023/01/31/gautam-adanis-middle-eastern-allies-help-him-shrug-off-fraud-allegations-wealth-plunge/?sh=1efd5a9d6287) and [other Indian billionaires](https://www.bloomberg.com/opinion/articles/2023-02-01/adani-share-offer-how-india-s-billionaires-banded-together). [pushing him out](https://www.forbes.com/sites/roberthart/2023/01/27/gautam-adani-slips-from-top-5-richest-as-his-net-worth-plummets-after-corporate-con-accusations/?sh=7b7a0d287f02) of the world’s top five richest people.

एसएंडपी ग्लोबल रेटिंग्स ने समूह की कंपनी अडानी पोर्ट्स और अडानी इलेक्ट्रिसिटी पर ...

हिंडनबर्ग रिसर्च की रिपोर्ट के बाद गौतम अडानी समूह की मुश्किलें कम नहीं हो रही हैं। S&P ग्लोबल रेटिंग्स ने समूह की कंपनी अडानी पोर्ट्स और अडानी इलेक्ट्रिसिटी पर आउटलुक में बदलाव कर दिया है। अब इन दोनों कंपनियों पर रेटिंग एजेंसी का नजरिया बदलकर निगेटिव हो गया है। S&P का पहले इन कंपनियों पर नजरिया स्टेबल यानी स्थिर था। बता दें कि किसी भी कंपनी के लिए निगेटिव रेटिंग अच्छी बात नहीं होती है। फिच रेटिंग्स ने दी राहत: इससे पहले अडानी समूह पर फिच रेटिंग्स ने राहत दी थी। इस रेटिंग एजेंसी ने कहा कि अडानी समूह की कंपनियों और उनकी सिक्योरिटीज की रेटिंग पर तत्काल कोई प्रभाव नहीं पड़ेगा। रेटिंग एजेंसी को उम्मीद है कि उसके पूर्वानुमानित कैश फ्लो में कोई बड़ा बदलाव नहीं होगा। एसएंडपी ग्लोबल रेटिंग्स ने समूह की कंपनी अडानी पोर्ट्स और अडानी इलेक्ट्रिसिटी पर आउटलुक में बदलाव कर दिया है। अब इन दोनों कंपनियों पर रेटिंग एजेंसी का आउटलुक निगेटिव हो गया है।

Gautam Adani, who until recently was the richest Indian in the world, has now slipped to 22nd spot in the Forbes billionaire list in the wake of Hindenburg ...

[State Bank of India (SBI)](https://indianexpress.com/article/business/banks-reviewing-adani-exposure-sbi-says-no-devolvement-worry-8411698/) is yet to officially disclose its exposure, sources said it could be over Rs 21,000 crore. [Hindenburg, in its rebuttal](https://indianexpress.com/article/business/hindenburg-research-report-adani-disclosures-court-proceedings-8406679/), said the Adani response did not address any of the substantive points that the report raised. Punjab National Bank (PNB) said its total exposure to the Adani Group of Rs 7,000 crore is backed by adequate cash flows and there is no worry on repayments at present. Market regulator SEBI, however, has not announced any probe into the crash in Adani shares and the withdrawal of Rs 20,000-crore FPO. In the wake of the report, Adani’s market losses have swelled over USD 100 billion. The listed Adani firms now have a combined market value of USD 108 billion, versus USD 218 billion before Hindenburg’s report.

Indian opposition leaders demand an investigation into the Adani Group amid allegations of financial fraud.

According to the Forbes real-time billionaires list, Mr Adani is now the 15th-richest person in the world, with a net worth of $74.7bn. But the response has failed to stop the fall in Adani shares. Gautam Adani, the founder, has fallen out of the top 10 richest in the world. The Congress has also announced plans to hold nationwide protests outside the offices of Adani Group companies, nationalised banks and public institutions on Monday. [earlier statements made by SBI](https://www.businessinsider.in/stock-market/news/state-bank-of-india-defends-exposure-to-the-adani-group-as-short-selling-report-roils-markets/articleshow/97391208.cms) and LIC, told a news channel that the exposure of the two companies to the Adani group was "well within the permissible limits". The Congress has also accused the government of forcing the State Bank of India (SBI), a public-sector bank, and government-owned insurance company, Life Insurance Corporation of India (LIC), to invest in the firm, jeopardising people's savings.

Adani Group Hindenburg Report: Ports-to-energy conglomerate Adani Group Chairman Gautam Adani's former lawyer and ex-Solicitor General of India Harish Salve ...

During the course of this interview, Salve also took a jibe at the US-based short-selling firm and said some people like making money by leveling such allegations. He said, “After a fully subscribed FPO, the decision of its withdrawal would have surprised many. He added that the interest of investors is paramount and everything else follows thereafter. He stated: “Till the time the market continues in this volatile condition, there is bound to be an erosion of confidence. He said that retail investors should not suffer and that the Adani Group shares will continue to tank for a few weeks. They will try and control it, but the shares will tank.

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaks at the World Congress of Accountants in Mumbai on November 19, 2022. Indranil Mukherjee | ...

Hindenburg has accused Elara's Mauritius-based funds of being part of a plan to manipulate the share prices of companies owned by Adani Group and hide how much the family owned. The third-largest shareholder, at 4.02%, is India's state-owned Life Insurance Corporation of India. 0.1 Shares (thousands) Ownership (%) [Adani Enterprises](/quotes/ADANIENT-IN/) have plummeted over the past week, after the publication of [an extensive critical report](https://hindenburgresearch.com/adani/) from U.S. 24 and the close of Thursday trade. Some big international players have exposure.

While speaking to India Today, senior lawyer Harish Salve said that no one is happy that Indian businessmen are making their presence felt in the world.

Sebi is meant to control markets and instill confidence in the investors," Salve said. Harish Salve also said that India lacks a legal framework to take on a company like Hindenburg. The ace lawyer said that when you have an FPO coming is the best time to throw ink. They will try and control it, but the shares will tank. Furthermore, Salve also took a jibe at Hindenburg Research — a US-based firm that made a litany of allegations on Adani Group, including fraudulent transactions and share price manipulation. If today, Adani controls, directly or indirectly, stock in a listed company, it has to be disclosed. With all this in place, this kind of an attack is something which is part of the game," Salve opined. To say that you have done some hidden research and all is all nonsense," the former solicitor general said. "What I find most remarkable is that in today’s India, banks do not lend unless they stress-test all proposals. "You have predictable revenues because you have a regulator fixing your tariff.. ALSO READ Now I see the British government wooing Indians to invest in the UK.

The scorching run of Adani companies led by AEL on the stock exchanges took the Group to the numero uno position in market capitalisation and made Gautam Adani ...

AEL earned revenues of Rs 26,824 crore, and made a net profit of Rs 720.70 crore during fiscal 2022, according to the BSE website. Pranav Adani, son of Gautam’s elder brother Vinod Adani, is also on the board. A fresh certificate of incorporation was issued by the Registrar of Companies on August 10, 2006. Gautam Adani said that he would refund the investors’ money, and that the decision was taken to safeguard the interest of investors. Starting as a small-time commodity trading business, Adani Enterprises Ltd (AEL), the flagship of the Adani Group founded by Gautam Adani, went on to incubate half-a-dozen companies and grew through acquisitions. Over the last seven trading sessions, they have lost an aggregate of Rs 9.1 lakh crore in market capitalisation — 47.4 per cent of their market cap.

क्या मुश्किल से निकल पाएगा अडानी ग्रुप? भारतीय बैंकिंग को क्या कोई खतरा है?

एक अनुमान के मुताबिक अडानी ग्रुप को 10 दिन में करीब 9 लाख करोड़ रुपये का घाटा हो चुका है.

बांग्लादेश से भी झटका: इस बीच बांग्लादेश सरकार ने अडानी ग्रुप के साथ एनर्जी सेक्टर में डील में संशोधन की मांग की है. एलआईसी का अडानी ग्रुप में कितना निवेश: एलआईसी ने अडानी ग्रुप के बॉन्ड और इक्विटी ने 36.474.78 करोड़ रुपये निवेश किया है. फिच रेटिंग ये भी कहती है कि उसे उम्मीद है कि अडानी ग्रुप के कैश फ्लो के पूर्वानुमान में कोई बड़ा बदलाव नहीं होगा. NSE की पैनी नजर: NSE ने अडानी ग्रुप के तीन शेयरों को शॉर्ट टर्म के लिए एडिशनल सर्विलांस मेजर्स (ASM) लिस्ट में शामिल किया है. अडानी ग्रुप को इन बैंकों ने दिया कर्ज: अडानी ग्रुप की कंपनियों को एसबीआई समेत देश के कई बैंकों ने 81,200 करोड़ रुपये लोन दिया है. एजेंसी ने कहा- अडानी ग्रुप की नकदी की स्थिति का आंकलन किया जाएगा. टॉप-20 अमीरों की लिस्ट से अडानी बाहर: हिंडनबर्ग की रिपोर्ट ने दुनिया में अरबपतियों की लिस्ट में 2 नंबर तक पहुंचे गौतम अडानी को 21वें पायदान पर पहुंचा दिया. एसबीआई ने आरबीआई को बताया है कि उसने अडानी ग्रुप को 23000 करोड़ रुपये लोन दिया है. डाउ जोंस ने दिया सुबह पहला झटका: शुक्रवार की सुबह में अमेरिका की स्टॉक एक्सचेंज डाउ जोंस से अडानी के लिए बुरी खबर आती है. एसबीआई के चेयरमैन की ओर से कहा गया है कि अडानी ग्रुप को दिये लोन को लेकर लोगों को डरने की जरूरत नहीं है. अडानी ग्रुप के शेयरों में भारी गिरावट: हिंडनबर्ग की रिपोर्ट के बाद से ही अडानी ग्रुप के शेयरों में भारी गिरावट का सिलसिला जारी है. संसद में अडानी पर हंगामा: बीते दो दिनों से अडानी के नाम पर संसद ठप हैं, बजट पेश हो चुका है.

A lot has happened ever since Hindenburg Research accused Adani Group of 'brazen' stock manipulation. Here's a timeline of the events.

हाल में अमेरिका की एक शॉर्ट सेलिंग फर्म Hindenburg Research ने अडानी ग्रुप पर गंभीर आरोप लगाए ...

Adani chose to forgo short-term victory of nailing the follow-on offer to protect his longer-term relationships with marquee investors who otherwise were ...

The arrangers of Adani enterprise’s scrapped equity offering have had to reconcile themselves to minuscule fees and are scrambling to recover what they can from what was supposed to be a mega follow-on share sale. “The dust is not yet settled,” Alok Churiwala, managing director of Mumbai-based Churiwala Securities Pvt., said on Thursday. “It is between one private company, and the regulator and the market; It doesn’t concern the macroeconomy,” T. “The exposure of banks, LIC to Adani is not worrying at all. By Wednesday afternoon, a state-run financial institution — also one of the anchor investors in the follow-on offer — said it won’t support the group further. Although Adani’s interests from ports to energy are inextricably intertwined with the nation’s growth plans, government officials talked down its impact on the wider economy. The impact on India’s broader market was also huge. The 60-year-old tycoon had reason to be buoyant: last-minute bids had helped the flagship of his ports-to-power empire close a record $2.5 billion share sale despite a searing short seller attack that triggered a stock rout. But the sense of relief among major investors was palpable. At 10:21 p.m in India, the filing had hit local stock exchanges, marking a dramatic U-turn. The selloff, however, continued. But can he win the perception war?](/article/companies/adani-strikes-back-at-hindenburg-but-can-he-win-the-perception-war-123013000268_1.html)

Indian businessman Gautam Adani was a few billion dollars shy of Elon Musk. But he tumbled down the billionaires' list after a U.S. firm accused the Adani ...

[ reported](https://www.livemint.com/companies/news/adani-conglomerate-plans-independent-audit-of-group-companies-11675102605250.html) that the Adani Group was planning an independent audit of its eight listed firms. "The stock market and the whole financialization of the world economy has moved in a direction where the only thing you want to do is to make sure that stock markets and whatever companies are trading there are constantly going up. The statement also cited a conflict of interest on Hindenburg's part as a short seller, alleging that the firm had an ulterior motive. "The regulators never took a stand, and the allegations died down," says Srivastava, the investment advisory firm founder. Agrawal, of Ahmedabad University, also wonders why it took a research firm based in the U.S. The short seller has a track record of blowing the whistle on corporate fraud around the world, from the United States to China — and profiting from its exposés. "Adani has pulled off this gargantuan feat with the help of enablers in government and a cottage industry of international companies that facilitate these activities. But "the detailed allegations of fraud and market manipulation are pretty horrendous," she says. In a short span of less than 10 days, his personal fortunes have plummeted by close to [$50 billion](https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/?leadSource=uverify%20wall) while his firms hemorrhaged around $100 billion in market value. Hindenburg claims it has evidence of "brazen accounting fraud, stock manipulation and money laundering at Adani." The conglomerate, on the same day, also called off a massive $2.5 billion share sale — in a move that further raised eyebrows from investors. But in the past week, Adani has dropped several places on lists of the world's wealthiest people kept by

BENGALURU -- Until just over a week ago, Gautam Adani projected the image of a near-invincible business tycoon whose corporate empire and wealth looke.

After all, his huge conglomerate had emerged as a key player in India's push to develop slick highways, gleaming airports and other world-class infrastructure. short-seller Hindenburg Research launched a blistering attack against the Adani Group, accusing it of stock manipulation, accounting fraud and a host of other wrongdoing. BENGALURU -- Until just over a week ago, Gautam Adani projected the image of a near-invincible business tycoon whose corporate empire and wealth looked set to expand relentlessly.

Adani Group companies have lost around Rs 9 lakh crore m-cap in the last seven trading sessions till Friday. The total market capitalisation of the group ...

[Adani Group companies](https://www.businesstoday.in/markets/company-stock/story/adani-group-stocks-average-deliverable-volumes-climb-manifold-in-6-days-heres-what-it-means-for-investors-368812-2023-02-03) have lost around Rs 9 lakh crore m-cap in the last seven trading sessions till Friday. Adani said that investor interest is paramount, which was why they cancelled the follow-on public offer (FPO) after it was fully subscribed. However, the stock ended 1 per cent higher on Sensex. I owe all my success to them. Renowned author Nassim Nicholas Taleb has offered his two cents for billionaire Gautam Adani, whose companies have been facing a massive rout in the stock market, which was triggered by a US-based short seller Hindenburg Research report. “In my humble journey of over 4 decades as an entrepreneur, I have been blessed to receive overwhelming support from all stakeholders, particularly the investor community.