Published: Jan 25, 2023 02:58:01 pm
American forensic financial research firm Hindenburg has accused Adani Group companies of fraud, after which all the shares of the group are continuously falling. In the fall so far, the market cap of Adani Group’s shares has decreased by Rs 46,000 crore.
Adani Group stocks lose ₹46,000 crore in market cap after Hindenburg alleges fraud
After the report of America’s forensic financial research firm Hindenburg, all the seven shares of Gautam Adani’s group are seeing a continuous decline. In fact, research firm Hindenburg has said in the report that companies owned by Gautam Adani are in short positions, in which questions have also been raised about the debt of the companies, alleging fraud. Along with this, the company’s shares have been described as overvalued by more than 85% in this report.