Suchi News
Delhi: After the Hindenburg Report, a light has come to the Adani government. Shares of Adani Group companies have soared. The Hindenburg Report dealt a major blow to Gautam Adani’s government. Report on 24 January. After that, a major downsizing began in the Adani Group. The Hindenburg Report alleged misuse of regulations by the Adani group and inflated share market value.
This also resulted in higher income
After this, their shares fell like a house. About 90% fell. Adani, which was number two on the list of the world’s richest people, dropped out of the top 30. But now he has come back to the stock market and now his position is 24. Adani’s market share has increased by 3,94,76,40,00,00 in two hours. Adani Group’s shares have also yielded the highest returns in the stock market. The stock rose from 899.62 to 59,808.97 points on the BSE index. Good things have happened for the Adani Group in the past few days. On the other hand, SEBI and RBI have focused on the Adani group. Foreign investors have turned away from the Adani group in the last month. Now if he comes back to the Adani Group, maybe his burden will be heavier. Meanwhile, a US company has shown confidence in the Adani Group by buying a large number of shares.
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$2 billion in debt to be repaid in the coming months
The Adani Group sold shares in Adani Ports and Special Economic Zone Limited (APSEZ), Adani Green Energy Limited (AGEL), Adani Transmission Limited (ATL) and Adani Enterprises Limited (AEL). This transaction was made by GQG Partners, an American company. This company has become an investor of Adani Group. Adani Group has a loan of 2.21 lakh crore. About 8% of this loan must be repaid at the end of the new year. Before the sale it held a 72.6% stake in AEL. Thus, 3.8 crore shares or 3.39% stake were sold for Rs 5,460 crore. The promoters held 66% stake in APSE and sold 8.8 crore shares or 4.1% stake for Rs 5,282 crore. The Adani Group must repay more than $2 billion in debt in the coming months.
