Mumbai: Ports tycoon Gautam Adani blamed \u201creckless and irresponsible\u201d media reportage for the recent crash of his companies\u2019 stock prices. Adani Group\u2019s market capitalisation plunged last month after reports emerged that three of its foreign investors\u2019 accounts were frozen by the depository NSDL.<\/p>\n
\u201cRecently, a few media houses indulged in reckless and irresponsible reporting related to administrative actions of regulators. This caused unexpected fluctuations in the market prices of Adani stocks,\u201d Adani, 59, told shareholders of group flagship Adani Enterprises NSE -1.37 %. \u201cUnfortunately, some of our small investors were affected by this twisted narrative in which some commentators and journalists seemed to imply that companies have regulatory powers over their shareholders and that companies can compel disclosure.\u201d The stocks of six Adani companies, however, recovered subsequently after the conglomerate clarified that the said accounts remained active.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mumbai: Ports tycoon Gautam Adani blamed \u201creckless and irresponsible\u201d media reportage for the recent crash of his companies\u2019 stock prices. Adani Group\u2019s market capitalisation plunged last month after reports emerged that three of its foreign investors\u2019 accounts were frozen by the depository NSDL. \u201cRecently, a few media houses indulged in reckless and irresponsible reporting related to administrative actions of regulators. This caused unexpected fluctuations in the market prices of Adani stocks,\u201d Adani, 59, told shareholders of group flagship Adani Enterprises NSE -1.37 %. \u201cUnfortunately, some of our small investors were affected by this twisted narrative in which some commentators and […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-425639","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=425639"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425639\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=425639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=425639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=425639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}