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HISTORICAL FACTS: 3 - Caught on Camera

Adani group share clues can be seen in surging options market

NEW DELHI: The selloff in Adani Group shares is stretching into a third week despite efforts to stem contagion, spurring a flurry of bets in option markets that may give traders clues on how long the declines will last.

The Times of India

Who is Gautam Adani and why is he controversial?

The Indian entrepreneur has seen his wealth plummet after a research firm accused him of ‘brazen stock manipulation’.

Al Jazeera

Adani Enterprises share price has 40% more downside: NYU professor Aswath Damodaran

NEW DELHI: Shares of Adani Group’s flagship firm are overvalued on some metrics despite plunging more than 50% in the rout triggered by US short seller Hindenburg Research’s scathing report last month, according to a New York University finance professor.

The Times of India

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It’s tough to short Gautam Adani stocks listed in India. Here’s why

NEW DELHI: Hindenburg Research’s decision to only go short on Adani Group securities outside India has highlighted the limitations of the practice in the nation and the peculiarities of the business empire itself.

The Times of India

The Weekly Wrap for Saturday, 4 February 2023

Asia's richest man has watched a quarter of his fortune evaporate in a week. An industrial empire is teetering. And it's all because of one teeny-weeny little memo.

inkl Originals

Nirmala Sitharaman assures investors, RBI says keeping vigil: Top developments in Adani-Hindenburg row

NEW DELHI: After 6 days of market rout, few of the Adani Group stocks rebounded on Friday after French energy company TotalEnergies' positive sentiment on the firm.

The Times of India

The Adani Group lost $118 billion in value in 10 days. Here’s how it happened in charts

Adani Group shares are in freefall following the release of a report from Hindenburg Research alleging stock manipulation and fraud.

Fortune

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Indian tycoon Adani hit by more losses, calls for probe

Losses for the troubled Adani Group, India’s second-largest conglomerate, have deepened as shares in its flagship company tumbled another 25%

The Independent UK

India’s Adani’s losses swell above $100bn

India’s central bank is examining the exposure of banks to the group as its various firms continued to tank.

Al Jazeera

Explained: How Gautam Adani v/s Hindenburg saga has unfolded so far

NEW DELHI: When one of mightiest conglomerates of a country calls off its fully subscribed follow on public offer (FPO), stating that it would be "morally incorrect", it is sure to spook investors.

The Times of India

Share debacle a rare setback for Indian tycoon Adani

India's Gautam Adani was Asia's richest man when the U.S. short-selling firm Hindenburg Research put out a report last week alleging his businesses have engaged in fraud and stock price manipulation

The Independent UK

India opposition MPs seek Adani probe as group losses top $100bn

Opposition MPs call for parliamentary investigation after US-based short seller accuses Adani Group of fraud.

Al Jazeera

Adani losses top $100bn after fraud claims

MUMBAI: The business empire of under-fire Indian tycoon Gautam Adani has lost more than $100 billion in value over the past week as shares in several firms plunged again on Thursday, a day after the group cancelled a multi-billion-dollar public offering.

Bangkok Post

Adani abandons $2.5 billion share sale in big setback to Indian tycoon

Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S. short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks.

Reuters

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Reuters

Exclusive-Indian market regulator examining Adani share rout, source says

India's market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, a source with direct knowledge of the matter told Reuters on Wednesday.

The Times of India

'Going ahead not morally correct': Adani Enterprises calls off Rs 20,000 crore FPO, to return money to investors

NEW DELHI: Billionaire Gautam Adani-led group's flagship firm Adani Enterprises on Wednesday decided to scrap its follow-on public offer (FPO), a day after it was fully subscribed.

Newslaundry

Adani scraps FPO as group stocks plummet. What's happening?

By now, you might have heard about the tanking shares of the Adani firms. And how Gautam Adani, who was recently the second richest man in the world, has now dropped to the 15th position in the Forbes’ list of the world’s wealthiest. All over a week.

Reuters

Indian regulator looking into $86 billion Adani share wipeout

India's market regulator is examining a rout in the shares of billionaire Gautam Adani's companies, a source with direct knowledge told Reuters, as the losses triggered by a scathing U.S. short-seller report ballooned on Wednesday to $86 billion.

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The Times of India

Gautam Adani stock meltdown hits $92 billion as collateral worries grow

MUMBAI: The crisis of confidence plaguing Gautam Adani has taken a sudden turn for the worse, with a record 28% plunge in his flagship company’s stock raising questions over the extra collateral he needs to cover loans.

The Times of India

Gautam Adani stock slump worsens as key share sale fails to lift mood

MUMBAI: The selloff in Adani Group’s stocks intensified on Wednesday, as the completion of a closely watched share sale by the Indian conglomerate’s flagship firm failed to offset wider concerns arising from Hindenburg Research’s fraud allegations.

The Independent UK

Adani $2.5B share sale pushes through amid fraud claims

The closely watched $2.5 billion share sale launched by Asia’s richest man, Gautam Adani, has been fully subscribed, bucking expectations after a turbulent week in which the conglomerate’s shares plunged in a tussle with a U.S. short-seller

The Independent UK

Richest Asian, Adani, targeted in $68B stock market rout

Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.”

Fortune

Gautam Adani clings to position as world's richest Asian after Hindenburg report

The Adani stock rout is so bad that it's even knocked India out of the world's top five largest equity markets.

Bangkok Post

Adani shares tumble again amid fraud claims

MUMBAI: Investors dumped more Adani shares on Tuesday, deepening the carnage at India's biggest conglomerate which has already lost around $70 billion in value after allegations of "brazen" corporate fraud.

The Times of India

Adani Group's loss swells to $65 billion; Hindenburg responds to charges

Shares of Adani Group companies remained under pressure for the third straight session on Monday with majority of them witnessing a crash yet again.

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