The much-hyped Adani growth story is now causing ripples everywhere with no one sure about what is in store next. Gautam Adani, the chairman of the Adani Group of companies is reportedly facing his wealth plummeting by over $48 billion (Rs 4,17,824.79 crore) within only two days, as the shares of his group of companies continued their downward slide even during its second day on Friday.

Adani Enterprises has seen a loss in its share value by 18% which now stands at Rs 2,762, while Adani Ports has crashed by about 16%. Adani Transmission and Adani Green Energy plummeted by 19.99% each while the Adani Total Gas hit a lower value of 20%. Similarly, Adani Power has seen a loss of 5%.

The sudden and unexpected erosion in the wealth of Adani companies is now adding a lot of pressure on the group since it has impacted the investor sentiment in the stock markets significantly. Adani's rise has been a political hot potato right from the time Narendra Modi became India's PM in 2014. Although both Adani and BJP have dismissed the talk that Adani is being benefitted unduly with the blessings of PM Modi, there's a talk that this may not be the truth entirely.

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