{"id":552629,"date":"2023-02-04T09:55:30","date_gmt":"2023-02-04T04:25:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552629"},"modified":"2023-02-04T10:58:24","modified_gmt":"2023-02-04T05:28:24","slug":"rout-wipes-out-more-than-half-the-value-of-adani-firms-after-hindenburg-rpt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rout-wipes-out-more-than-half-the-value-of-adani-firms-after-hindenburg-rpt\/","title":{"rendered":"Rout wipes out more than half the value of Adani firms after Hindenburg rpt"},"content":{"rendered":"<p>The pressure on Gautam Adani to swiftly address concerns over his conglomerate\u2019s financial health intensified as a brutal rout wiped out more than half the value of his companies following a report by short-seller Hindenburg Research. <\/p>\n<p>More than $118 billion was erased from the market capitalization of his 10 stocks since US-based Hindenburg claimed last week that offshore shell entities were used to inflate revenues and manipulate stock prices. Flagship Adani Enterprises Ltd. sank a record 35% intraday, before losses narrowed amid a series of big trades. <\/p>\n<p>The continued slump reflects worries about Adani\u2019s access to funding after the tycoon scrapped a key stock offering this week, and as long-held concerns about the group\u2019s debt were propelled onto the global stage by Hindenburg.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pressure on Gautam Adani to swiftly address concerns over his conglomerate\u2019s financial health intensified as a brutal rout wiped out more than half the value of his companies following a report by short-seller Hindenburg Research. More than $118 billion was erased from the market capitalization of his 10 stocks since US-based Hindenburg claimed last week that offshore shell entities were used to inflate revenues and manipulate stock prices. Flagship Adani Enterprises Ltd. sank a record 35% intraday, before losses narrowed amid a series of big trades. The continued slump reflects worries about Adani\u2019s access to funding after the tycoon [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-552629","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552629","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=552629"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552629\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}