Adani Group’s loss swells to $65 billion; Hindenburg responds to charges
Shares of Adani Group companies remained under pressure for the third straight session on Monday with majority of them witnessing a crash yet again.
The deepening market rout has now led to losses worth $65 billion in the group’s stock values, according to a Reuters report.
The current round of fall follows a report by Hindenburg Research last week which flagged concerns about the conglomerates debt levels and the use of tax havens.
On Monday, Adani Transmission dropped 14.91%, Adani Green by 20%, Adani Total Gas by 20%, Adani Power by 5%, and Adani Wilmar by 5%.
