Impacts of Hindenburg report for adani Group#P1...
Although the adani Group might not want to acknowledge it, the consequences of Hindenburg's assessment are now plain to see.
Which are:
The announcement of adani Enterprises' FPO cancellation was the biggest side effect.
The market capitalization of the adani Group's listed firms has been steadily declining.
Third negative impact: gautam adani dropped off the top 15 richest people list.
Fourth effect: SEBI has begun looking into the claims made by Hindenburg.
Fifth adverse effect: The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india has requested information from all banks about loans made to the adani Group.
The bonds of the adani Group now have no value, according to Global Investment bank Credit Suisse, which is the sixth side effect.
Even if the adani group claims that Hindenburg's revelations are unfounded, these side effects demonstrate that claim. However, the market no longer has faith in the adani Group.
Today, we will demonstrate to you the study of each side effect's origin and effect.
Beginning with the most recent adverse effects. When the budget was submitted to parliament on february 1, 2023, the stock market was booming. gautam adani, the owner of the adani Group, then made a statement that everyone found surprising.
To be continued in Part 2...
