English

Select Language

हिंदी

  • Latest
  • National
  • World
  • Politics
  • Business
  • Entertainment
  • Education
  • Technology
  • Sports
  • Health
  • Lifestyle
  • Fashion
  • Crime
  • The Arts
  • Latest
  • Viral
  • Breaking
  • Web Story
  • Photos
  • Videos
  • Opinion
  • Home
  • National
  • Adani Group lost $ 48 billion due to Hindenburg report, LIC shares also got crashed...

Adani Group lost $ 48 billion due to Hindenburg report, LIC shares also got crashed

Shares of Adani Total Gas plunged over 20%, Adani Green Energy and Adani Transmission both down 19.99% and Adani Enterprises fell 18.52% on the Bombay Stock Exchange.

  • By TNB Bureau
  • - Jan 29, 2023 12:52 AM
  • Share:
Adani Group lost $ 48 billion due to Hindenburg report, LIC shares also got crashed

The Hindenburg Research Report accusing the Adani Group of fraud and manipulation came to the fore and Adani Group's shares took a dive for the second day in a row on Friday, January 27. Shares of Adani group companies fell up to 20 percent and the group has a total loss of more than $48 billion.

Shares of Adani Total Gas plunged over 20%, Adani Green Energy and Adani Transmission both down 19.99% and Adani Enterprises fell 18.52% on the Bombay Stock Exchange.

The seven listed companies of the Adani group have lost a total of $48 billion in market capitalization after Hindenburg Research reported on January 24. Allegations have been made in this report about Adani Group's debt levels and extensive use of tax havens.

Adani group is not the only loss: After the report came out, the shares of Adani group have dived but they are not the only ones who have suffered losses. Life Insurance Corporation (LIC) is the largest non-promoter domestic shareholder among the five largest Adani group companies. Now LIC has suffered a loss of Rs 16,627 crore due to the fall in Adani Group's shares. The total value of shares of LIC's holding in the Adani group fell from Rs 72,193 crore on Tuesday to Rs 55,565 crore on Friday - a sharp decline of 22%. Share prices of LIC itself also declined by 5.3 percent till Friday.

For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest National News on The National Bulletin

Subscribe to our YouTube Channel: Subscribe

Subscribe Our Newsletter

Most Popular

Bigg Boss 16 Winner: Winner Changed at the La...

  • By TNB Bureau
  • - Feb 13, 2023

Pulwama Attack Anniversary 14th Feb Messages ...

  • By TNB Bureau
  • - Feb 13, 2023

ANNOUNCEMENT - Last Date for Submission for c...

  • By TNB Bureau
  • - Feb 10, 2023

Rishabh Pant Share Latest Recovery Photos Aft...

  • By TNB Bureau
  • - Feb 10, 2023

Turkey and Syria Shaken by Strong Earthquake,...

  • By TNB Bureau
  • - Feb 06, 2023

Akshara Singh Viral Video: Another Kissing vi...

  • By TNB Bureau
  • - Feb 03, 2023

Latest News

  • Security beefed up outside Salman Khan's house, big ste...
    • By TNB Bureau
    • - Mar 20, 2023
  • Uproar in Parliament demanding apology from Rahul Gandhi, pr...
    • By TNB Bureau
    • - Mar 20, 2023
  • Campaign to catch Amritpal intensifies, uncle and driver hav...
    • By TNB Bureau
    • - Mar 20, 2023
  • Salman Khan threatened to kill, Lawrence Bishnoi gang sent a...
    • By TNB Bureau
    • - Mar 19, 2023
  • View All

Videos

More Videos

find us on facebook

twitter feed

Tweets by TheNationalBul1
  • info@thenationalbulletin.in
  • www.thenationalbulletin.in
  • +91 8447-3246-93

recent post

  • Security beefed up outside Salman Khan's house, big ste...
    • By TNB Bureau
    • - Mar 20, 2023
  • Uproar in Parliament demanding apology from Rahul Gandhi, pr...
    • By TNB Bureau
    • - Mar 20, 2023
  • Campaign to catch Amritpal intensifies, uncle and driver hav...
    • By TNB Bureau
    • - Mar 20, 2023
  • Salman Khan threatened to kill, Lawrence Bishnoi gang sent a...
    • By TNB Bureau
    • - Mar 19, 2023

quick links

  • About Us
  • National News
  • World Updates
  • Politics Update
  • Business Related
  • Entertainment
  • Education Related
  • Technology Updates
  • Sports Updates
  • Headlines
  • YouTube Videos

Subscribe Our Newsletter

Enter your email here

Stay Connected With Us

Book Your Ad

© NEWS TNB PVT. LTD.
By Designed With ITiansWeb 

Visitors : 1524978
  • Latest
  • Home
  • National
  • World
  • Politics
  • Business
  • Entertainment
  • Education
  • Technology
  • Sports
  • Health
  • Lifestyle
  • Fashion
  • Crime
  • The Arts
  • Breaking
  • Web Story
  • Photos
  • Videos

All right reserved by TheNationalBulletin By Designed With ITiansWeb