{"id":552762,"date":"2023-02-04T10:32:02","date_gmt":"2023-02-04T05:02:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552762"},"modified":"2023-02-04T11:45:37","modified_gmt":"2023-02-04T06:15:37","slug":"adani-rout-erases-half-of-group-value-since-hindenburg-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-rout-erases-half-of-group-value-since-hindenburg-report\/","title":{"rendered":"Adani rout erases half of group value since Hindenburg Report"},"content":{"rendered":"<p>The brutal stock rout in Gautam Adani\u2019s companies continued Friday, an indication that the billionaire needs to do more to restore confidence in his conglomerate\u2019s financial health after accusations of fraud by Hindenburg Research.<\/p>\n<p>The group\u2019s 10 stocks all fell in early Mumbai trading, with $120 billion, or more than half of their combined value, erased since the US-based short seller last week claimed that offshore shell entities were used to inflate Adani group\u2019s revenues and manipulate stock prices.<\/p>\n<p>Flagship Adani Enterprises Ltd. sank as much as 25%, taking its decline to 66% in seven trading sessions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The brutal stock rout in Gautam Adani\u2019s companies continued Friday, an indication that the billionaire needs to do more to restore confidence in his conglomerate\u2019s financial health after accusations of fraud by Hindenburg Research. The group\u2019s 10 stocks all fell in early Mumbai trading, with $120 billion, or more than half of their combined value, erased since the US-based short seller last week claimed that offshore shell entities were used to inflate Adani group\u2019s revenues and manipulate stock prices. Flagship Adani Enterprises Ltd. sank as much as 25%, taking its decline to 66% in seven trading sessions.<\/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":[130],"tags":[],"class_list":["post-552762","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552762","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=552762"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552762\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}