Gautam Adani (PTI)
The year 2023 is about to end. This year, although the world heard many stories and saw many controversies, there were some billionaires of India who were discussed a lot. Some of these discussions were full of controversies, while some made the world wonderful… In such a situation, it is quite interesting to know how this year was for Gautam Adani. We are saying this because since the beginning of this year, the ghost of Hindenburg was haunting Adani, due to which he has suffered a lot of loss.
Also read: How was the year 2023 for Mukesh Ambani, these stocks made huge profits
By the end of 2022, Gautam Adani was the richest person in India and Asia. His net worth made him the third richest person in the world. His status would have increased further if the Hindenburg Research report had not come at the end of January 2023. This report shook the foundations of his business and his wealth got such a blow that he has not yet been able to reach the top-10 billionaires of the world. According to Bloomberg, he is still at number 14 in this list. Although he is still the second richest person in India.
Hindenburg caused a lot of damage
Since the report of American short seller Hindenburg came out on January 24 this year, Adani Group has faced losses for almost six months of the year. Let us tell you that American short seller firm Hindenburg Research had issued a report in the beginning of the year and made many allegations against Adani Group. Many of the Hindenburg Research allegations were sensational. But Adani Group rejected all these allegations outright. But, the ghost of Hindenburg did not leave the company and it caused damage to Adani’s net worth and shares.
Adani’s shares were falling one after the other, Green Energy, which was once priced at Rs 2500, suddenly reached Rs 430. Similarly, all the shares suffered losses. Due to falling rates, people started withdrawing money from the stock market. Not only this, foreign investors had also turned their back on Adani.
Things started improving again
Time passed, the case of Hindenburg and Adani also continued in the court. Let us tell you, the matter is still going on in the Supreme Court. But, now the ghost of Hindenburg has distanced itself from Adani. Or we can say that now it is not affecting Adani Group. 9 shares of Adani are continuously rising with a growth of 15-20 percent. At the same time, Adani is again making a comeback in the world of the rich. Meanwhile, Adani’s net worth has also increased significantly.
Hindenburg made these allegations
Hindenburg had also made an allegation against Adani that the FPIs investing money in the shares of Adani Group are somehow linked to Adani Group. The FPIs on which Hindenburg Research had raised doubts in its report immediately reduced their stake. Many had completely exited after the report.
Source: www.tv9hindi.com”