LIC’s debt exposure to Adani group stands at ₹6,183 cr: FM
Of this, the insurance giant's exposure is highest at ₹5,389 crore to Adani Ports & Special Economic Zone, says Sitharaman
Of this, the insurance giant's exposure is highest at ₹5,389 crore to Adani Ports & Special Economic Zone, says Sitharaman
Shares of nine out of 10 listed companies of the Adani group trading in positive territory today. Adani Ent up 3.78%.
The NSE has placed Adani Enterprises, Adani Power, and Adani Wilmar under the short-term ASM framework from March 9.
An independent third-party confirmation of its accounts would go a long way in establishing and restoring credibility, says SES.
Adani Total Gas shares have plunged 76% since the release of the Hindenberg report on Jan 24, followed by Adani Green, Adani Transmission, and Adani Enterprises, which lost between 69-53%.
The Adani crisis will significantly weaken Prime Minister Narendra Modi's stranglehold on India's government, says billionaire George Soros.
Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power, and NDTV hit their 5% lower circuit limits on Monday.
Certain Adani Group investors should no longer be designated as free float, says MSCI.
Shares of all other Adani group stocks, barring the gas arm, rose on Wednesday, led by Adani Enterprises which gained more than 12% in early trade.
Adani Enterprises and Adani Wilmar shares were locked in their respective 10% and 5% upper circuit limit on the BSE. Adani Port, ACC, and Ambuja Cements rose up to 9%.