(Bloomberg) — Pressure mounted for Indian billionaire Gautam Adani to quickly address concerns over his conglomerate’s financial health as a brutal stock rout wiped out more than half of the val...
Tag: Adani
Adani Drops To Third Richest In Asia After Stock Market Rout Knocks Off Another $12 Billion From His Fortune
Topline India’s Gautam Adani slipped one more spot to third on the list of Asia’s richest people after shares in his group’s listed companies continued to nosedive on Thursday while they attempt to pu...
How Gautam Adani Lost More Than $50 Billion In A Week—And His Ranking As Asia’s Richest
Topline Here’s a timeline of how Indian billionaire Gautam Adani has seen his fortune shrink by $51.7 billion in the past week as his group of companies have had to battle against allegations of stock...
Adani losses top $100 billion in wake of Hindenburg Research report
Signage of Adani Group at company’s gas station in Ahmedabad, India, on Wednesday, Feb. 1, 2023. Bloomberg | Bloomberg | Getty Images India’s Adani conglomerate deepened market losses to e...
Gautam Adani Addresses Scrapped Public Offering In First Public Remarks Since Hindenburg Allegations
Topline Gautam Adani on Thursday addressed his flagship company’s canceled $2.5 billion public offering and promised a review of the Adani Group’s market strategy in his first public remarks since U.S...
Adani Stock Wipeout Deepens to $104 Billion After Flagship Firm Pulls Share Sale
(Bloomberg) — The stock rout in Gautam Adani’s beleaguered empire intensified to more than $100 billion, as the fallout from a short-seller’s fraud allegations leads the Indian billionaire to pu...
India’s Adani Calls Off $2.5B Share Sale — Bill Ackman Gets Suspicious About Offering
Indian conglomerate Adani Group’s flagship company Adani Enterprises has called off its $2.5 billion share sale, also known as a follow-on public offer, according to a statement issued by the firm to ...
Credit Suisse Reportedly Assigns Zero Lending Value To Adani Group Bonds Following Hindenburg Allegations
Topline Credit Suisse has assigned zero lending value for bonds issued by Adani Group’s listed subsidiaries, Bloomberg reported on Wednesday, a move that will deepen concerns for the beleaguered India...
Darktrace and Adani share price collapse are eerily similar
Darktrace (LON: DARK) share price has collapsed in the past few months as concerns about the technology company remain. The stock plunged to an all-time low of 199p, which was about 60% below the high...
Adani Rout Passes $80 Billion as Stock Sale Fails to Stems Doubt
(Bloomberg) — The crisis of confidence plaguing Gautam Adani is deepening, with the stock rout triggered by Hindenburg Research’s fraud allegations erasing a third of the market value in his gro...
Indian Tycoons Bought Adani Shares During Short Seller Fight
(Bloomberg) — At least two of India’s biggest business families participated in Adani Enterprises Ltd.’s $2.5 billion share sale, according to people familiar with the matter, in a sign of solid...
Controversy Embroiled Gautam Adani Loses Asia’s Richest Title To Mukesh Ambani
Topline Indian billionaire Gautam Adani ceded the title of Asia’s richest person to compatriot Mukesh Ambani, the chairperson of Reliance Industries, on Wednesday, as his listed companies continued to...
Adani Rout Continues Despite Key Investor Support
(Bloomberg) — Adani Group’s stock market slump entered its fourth session with losses widening to $74 billion, as a short seller’s fraud allegations continued to haunt the Indian conglomerate de...
Struggling Billionaire Gautam Adani Scores Crucial Victory
Billionaire Gautam Adani can catch his breath. For the past week his conglomerate has been rocked by allegations of fraud that threaten its expansion. These accusations are made by the New York inve...
Billionaire Gautam Adani Gets Vote Of Confidence From Abu Dhabi Firm’s $400 Million Investment
Gautam Adani speaks at the World Congress of Accountants in Mumbai on November 19, 2022. INDRANIL MUKHERJEE / AFP Gautam Adani has won a vote of confidence from a $400 million investment by Internatio...
Adani Faces Deadline as Fraud Allegations Spook Investors
The clock is ticking for Gautam Adani as India’s leading tycoon, and Asia’s wealthiest person, confronts a U.S. short seller claiming he “uncovered evidence of brazen accounting frau...
Billionaire Gautam Adani Calls on India for Help to Save His Empire
Billionaire Gautam Adani is under siege. Since Jan. 24 Asia’s richest man has faced serious allegations of fraud, money laundering and price manipulation that threaten to take away much of his ...
Adani Delivers Tome in Response to Short-Sale ‘Attack on India’
The Adani Group has returned fire after an attack by the short seller Hindenburg Research, attempting to bolster its corporate image after shedding more than US$50 billion in market capitalization. Ad...
Adani Isn’t The First — Elon Musk’s Twitter, Nikola And A Crypto Company Have Been Short-Selling Targets For Hindenburg Before
Hindenburg Research LLC is a short seller known for exposing fraud. Currently, it is in the news for its scathing report on India’s Adani Group, accusing it of stock manipulation and accounting fraud....
Stocks Fall With Eyes on Rate Hikes, Adani, China: Markets Wrap
(Bloomberg) — Shares declined Monday in choppy trading as investors split their attention between looming interest-rate decisions in the US and Europe, the reopening of mainland China markets an...
Adani Group Companies Continue To Be Hit By Market Selloff As War Of Words With Hindenburg Escalates
Topline A war of words between the Adani Group and Hindenburg Research escalated on Monday as shares in some of the Indian conglomerate’s listed companies continued to slide sharply after the New York...
Most Adani Stocks Drop as Rebuttal Draws Hindenburg Response
(Bloomberg) — Most of Adani Group’s companies extended a $51 billion stock selloff, an indication that the billionaire’s rebuttal of fraud allegations from American short seller Hindenburg Resea...
Adani Bond Plunge Accelerates as Rebuttal Fails to Stem Concern
(Bloomberg) — A plunge in dollar bonds of Adani Group companies quickened on Monday after a rebuttal by the Indian conglomerate failed to ease concerns following a scathing report last week by s...
Ackman Says Banks Face Too Much Liability Exposure on Adani Deal
(Bloomberg) — Investor Bill Ackman doubled down on his criticism of Adani Group, saying that there’s just too much liability exposure for the banks involved in the Indian company’s equity sale. ...
Who is behind Hindenburg, the research firm targeting the Adani group?
Hindenburg Research’s bruising report accusing the Adani Group of pulling off “the largest con in corporate history” has rattled India’s stock markets. On Jan. 24, the New York-based forensic financia...
TotalEnergies Exposed To Alleged Adani Fraud Via Joint Ventures Worth Billions
Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, … [+] Sept. 27, 2022. India needs fossil fuels to serve large populations and getting rid of ...
Post Holiday Enthusiasm Continues, Short Sellers Set Sights On India’s Adani
China Last Night KraneShares Key News Asian equities were mostly higher overnight on continued exuberance following China’s Lunar New Year holiday. Hong Kong built on its gains from yesterday while In...
Bill Ackman Lauds Hindenburg’s Scathing Report On India’s Adani As ‘Highly Credible’ — But Adds This Caveat
Billionaire investor Bill Ackman was all praise for U.S. short-seller Hindenburg Research’s report on Indian conglomerate Adani Group, calling it “highly credible” and “extremely wel...
Bill Ackman Calls Hindenburg’s Adani Report ‘Highly Credible’
(Bloomberg) — Pershing Square’s Bill Ackman found the Hindenburg Research’s report on Adani Group companies “highly credible and extremely well researched,” he said in a Twitter post, less than ...