{"id":552912,"date":"2023-02-04T11:05:58","date_gmt":"2023-02-04T05:35:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552912"},"modified":"2023-02-04T13:15:58","modified_gmt":"2023-02-04T07:45:58","slug":"adani-group-value-halved-in-rout-over-hindenburg-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-value-halved-in-rout-over-hindenburg-report\/","title":{"rendered":"Adani Group value halved in rout over Hindenburg report"},"content":{"rendered":"<p>Pressure mounted for Indian billionaire Gautam Adani to quickly address concerns over his conglomerate\u2019s financial health as a brutal stock rout wiped out more than half of the value of his companies. <\/p>\n<p>About $125 billion (Rs 10.28 lakh crore) evaporated in the market capitalization of his group\u2019s 10 stocks since the US-based Hindenburg Research last week claimed that offshore shell entities were used to inflate Adani Group\u2019s revenues and manipulate stock prices. Flagship Adani Enterprises Ltd. sank a record 35 per cent intraday, taking its decline to 70 per cent in seven trading sessions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pressure mounted for Indian billionaire Gautam Adani to quickly address concerns over his conglomerate\u2019s financial health as a brutal stock rout wiped out more than half of the value of his companies. About $125 billion (Rs 10.28 lakh crore) evaporated in the market capitalization of his group\u2019s 10 stocks since the US-based Hindenburg Research last week claimed that offshore shell entities were used to inflate Adani Group\u2019s revenues and manipulate stock prices. Flagship Adani Enterprises Ltd. sank a record 35 per cent intraday, taking its decline to 70 per cent 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":[146,130,234],"tags":[],"class_list":["post-552912","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552912","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=552912"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552912\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}