Gautam Adani's wealth has seen a sharp decline amid the fall triggered in Adani Group stocks by US-based short seller Hindenburg's report and Mukesh Ambani became richest Indian again
According to Bloomberg Billionaires Index, Gautam Adani, 60, net worth has reached $52.4 billion as of February 14
Gautam Adani is the 24th wealthiest person in the world. As per Forbes Real-Time Billionaires Index, Adani’s net worth stands at nearly $53 billion
Adani Group stocks have seen a $120-billion rout after some severe allegations by Hindenburg Research, including money laundering, stock manipulation, and accounting frauds
Market regulator Sebi is investigating the report released by Hindenburg Research on the Indian conglomerate
Hindenburg is a short seller research company in the US that does research on companies that believes have governance and/or financial issues, Sebi told SC
Adani Group said that they had strong cash flows and that business plans were fully funded, and the balance sheet of each of its independent portfolio companies was “very healthy”
With the opposition targeting the BJP-led government over the Hindenburg-Adani row, Union Home Minister Amit Shah said there is nothing for the BJP to hide and nothing to be afraid of