American short selling firm Hindenburg Research has shaken Gautam Adani’s empire. In the last one week, there has been an earthquake in the earnings of his company. There is a continuous decline in 10 stocks of Adani Group. In the last six days, the company’s shares have lost $ 107 billion, or about 8.76 lakh crore. If we calculate their losses, then the GDP of many countries is equal to the loss made by Gautam Adani’s company.
At the rupee-dollar exchange rate of 81.80, the DGP of Ethiopia or Kenya is $110-111 billion. That is, in the last 6 days, Gautam Adani lost almost as much as the annual gross domestic product of Kenya. Adani Total Gas, a company of Adanu Group, has suffered a loss of 29 billion. According to the Bloomberg Billionaire Index, on January 24, Gautam Adani’s personal wealth was $ 119 billion. This 24th is the same day when Hindenburg released his research report. Since the arrival of this report, Adani has suffered huge losses. At the same time, in September last year, his total assets had crossed $ 150 billion. That is, from September till now, Gautam Adani has lost more than $ 86 billion. Means Gautam Adani has lost property more than the GDP of Bulgaria.
According to the Bloomberg Billionaire Index, he has lost about $ 50 billion in net worth so far this year. In just one day, they have suffered a setback of more than $15 billion. His net worth has slipped below $64 billion. He has reached the 16th position in the list of billionaires of the world. At the same time, in the list of billionaires of Asia, his chair is also slipping.
The Adani Group has also withdrawn the Rs 20,000 crore FPO of its flagship company Adani Enterprises. Adani himself has issued a statement appealing investors to keep faith in the group. But it seems that his appeal is not having any effect on the investors. The stock had gained 800 per cent in the last five years, but has declined by more than 40 per cent in five days.
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