Adani stocks plunge further post Rs 20,000-crore FPO call-off
While shares of Adani Enterprises tanked another 26.50 per cent, shares of Adani Transmission, Adani Green Energy and Adani Total had fallen 10 per cent. While Adani Ports was down 6.13 per cent, Adani Power and Adani Wilmar were down 5 per cent each.
Adani Group stocks have taken a beating on the bourses after Hindenburg in the report made a litany of allegations, including fraudulent transactions and share price manipulation, at the Gautam Adani-led group . (Twitter/@AdaniOnline) Shares of Adani Group companies continued to remain under pressure on Wednesday. The additional decline came after the Adani Group announced late Wednesday evening that it had decided to call off the Rs 20,000 crore FPO of Adani Enterprises Ltd (AEL) and said that it would refund the money to the investors.
While shares of Adani Enterprises tanked another 26.50 per cent, shares of Adani Transmission, Adani Green Energy and Adani Total had fallen 10 per cent. While Adani Ports was down 6.13 per cent, Adani Power and Adani Wilmar were down 5 per cent each.
Meanwhile, Ambuja Cements gained 5.33 per cent and ACC was up 0.05 per cent. With this, the market capitalisation of Adani companies has fallen by $100 billion (around Rs 820,000 crore) after the Hindenburg report came out over a week ago.
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