UNBELIEVABLE: 6 - The Untold Story

Gautam Adani loses Rs 4.17 lakh crore in 2 days as stocks plunge; sensex crashes 874 points

NEW DELHI: Gautam Adani, the chairman of the Adani Group of companies, saw his wealth plummet by over $48 billion (Rs 4,17,824.79 crore) in two days, as shares of his companies continued to plunge for the second day on Friday.

The Times of India · Jan 27, 2023

Hindenburg shorts India’s Adani citing debt, accounting concerns

Concerns raised by the US-based short-seller sent shares of Adani Group’s listed firms tumbling, eroding $11bn.

Al Jazeera · Jan 25, 2023

Adani Group firms lose $9bn in value amid short-seller claims

Hindenburg Research says world’s third-richest person, Gautam Adani, is pulling ‘largest con in corporate history’

The Guardian - UK · Jan 25, 2023

Led by Reliance, two Adani companies, top 100 firms create Rs 92.2 lakh crore wealth during FY17-22

MUMBAI: Two Adani group companies -- Adani Enterprises and Adani Transmission -- have uprooted the traditional leader Reliance Industries in annual wealth creation in 2022 so far, while the top 100 of them created a massive Rs 92.2 lakh crore of wealth, according to a report.

The Times of India · Dec 8, 2022

Indian coal magnate Gautam Adani goes green

Asia’s richest man, coal magnate Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after its economy was liberalized in the 1990s

The Independent UK · Dec 2, 2022

Gautam Adani says his push into media is a responsibility, not a business

Gautam Adani says his push into the news media, including his acquisition of NDTV, is a “responsibility” rather than a business opportunity. In an interview with the British newspaper Financial Times, the Indian billionaire also claims that he had invited NDTV founder Prannoy Roy to remain as the network’s chair. 

Newslaundry · Nov 25, 2022

Gautam Adani, Asia's richest man, makes a $5 billion bet to silence debt-obsessed critics

MUMBAI: Gautam Adani's plan to raise at least $5 billion in equity aims to shut down two of the most frequent criticisms leveled against the Indian tycoon's swelling empire: high debt ratios and a limited investor base.

The Times of India · Nov 25, 2022

Gautam Adani weighs raising $5 billion in equity as banks urge deleveraging

MUMBAI: Indian billionaire Gautam Adani is courting sovereign wealth funds to raise roughly $5 billion in equity across his sprawling business empire and reduce leverage, people familiar with the matter said.

The Times of India · Nov 23, 2022

Adani Group’s cash generation ability underappreciated, M&G says

SINGAPORE: Billionaire Gautam Adani’s group has attracted a lot of scrutiny over its debt-heavy balance sheet and not enough appreciation of its cash-flow generation ability, according to MG Investments (Singapore) Pte.

The Times of India · Nov 23, 2022

Adani Enterprises’ subsidiaries secure ₹10,238 crore-fund for Ganga Expressway Project in Uttar Pradesh

The Ganga Expressway in Uttar Pradesh will connect Meerut with Prayagraj

The Hindu · Sep 29, 2022