look news india
Following bribery allegations against Adani Group Chairman Gayutam Adani and other senior officials, rating agency Moody’s on Thursday said such allegations are negative for the group companies.
“When we assess Adani Group, we pay particular attention to the capital capacity of group companies to meet liquidity needs and their governance practices,” Moody’s said in a statement.
Adani Group Chairman Gautam Adani has been accused of alleged bribery and fraud worth $265 million in the US.
Prosecutors in the United States have alleged that Adani, his nephew Sagar Adani, and six other defendants bribed Indian government officials to secure solar energy supply contracts that were expected to yield $2 billion in profits over twenty years .
Meanwhile, Adani Bull GQG Partners said it is reviewing the emerging details and will take appropriate action for the portfolio.
Following portfolio construction guidelines, the GQG portfolio makes diversified investments. Following Adani Group’s report, GQG’s share price fell 26 percent in Australia, where it is listed.
Difference in shares of group companies up to 23%
Investors’ confidence has once again been shaken due to Adani Group being embroiled in another controversy.
– Market cap of 10 companies of the group. Rs 2,20,000 crore washed away in one day
Gautam Adani, along with his nephew Sagar Adani, was convicted by a US court on charges of alleged bribery and fraud against six members of the group, which once again dented investor confidence in shares of Adani group companies.
The crisis of confidence in Adani Group companies at the time of allegations made earlier by the famous American investment research company Hindenburg increased the selling pressure on the shares, which once again affected the shares today. Today, the share prices of Adani Group companies have fallen by 23 percent in a single day. Shares of Adani Enterprises fell 22.61 percent to Rs 2182.55 from Rs 2820.20. The total market capitalization of 10 companies of Adani Group has declined by Rs 2,19,863 crore to Rs 12,04,555 crore today.
Which was Rs 14,24,418 crore on 19 November 2024. In which the biggest shortfall of Rs 69,597 crore has been recorded in Adani Enterprises.
Universal gap in Adani Group shares: Most of Adani entered. 638 rupees broken
Company Name
closing price of shares
closing price of shares
How many cuts, how many cuts
,
19, November. , 2024
21, November. 2024
(in rupees) (in percentage)
Adani Enter.
Rs 2820.20
Rs 2182.55
– Rs.637.65 22.61%
Adani Port
Rs 1289.05
Rs 1114.70
– Rs.174.35 13.53%
Adani Power
Rs 524.10
Rs 476.15
-Rs.47.95 9.15%
Adani Engineering
Rs 872.10
Rs 697.70
-Rs.174.40 20.00%
Adani Green
Rs 1411.75
Rs 1146.40
– Rs.265.35 18.90%
Adani Total
Rs 672.25
Rs 602.35
– Rupee. 69.90 10.40%
Adani Wilmar
Rs 327.10
Rs 294.45
-Rs.32.65 9.98%
ACC Ltd.
Rs 2185.05
Rs 2025.80
– Rs.159.25 7.29%
Ambuja Cement
Rs 549.60
Rs 483.75
– Rs.65.85 11.98%
NDTV Ltd.
Rs 169.35
Rs 169.25
-Rs.0.10 0.06%
Market cap of 10 Adani Group companies lost Rs 2.20 lakh crore in a single day
Company Name
market cap.
market cap.
how much is missing
,
19, November
21, November
(in crore rupees)
Adani Enterprises
Rs 3, 21, 503
Rs.2,51,906
-69,597
Adani Port SEZ
Rs 2,78,453
Rs.2,40,791
-37,662
Adani Power Limited
Rs 2, 02, 142
Rs 1,83,648
-18,494
Adani Eng Sol.
Rs 1,04,764
Rs 83,813
-20,951
Adani Green Eng
Rs 2, 23, 626
Rs 1,81,594
-42,032
Adani Total Gas
Rs 73,935
Rs 66,247
-7688
Adani Wilmar Limited
Rs 42,572
Rs 38,269
-4303
ACC Limited
Rs.41,032
Rs 38,042
-2990
Ambuja Cements
Rs 1, 35, 300
Rs 1, 19, 154
-16, 146
NDTV Ltd.
Rs 1091.82
Rs 1091.18
-0.64
Total market cap.
Rs 14, 24, 418
Rs 12, 04, 555
-2,19,863
LIC’s investment value in Adani Group shares has declined by Rs 8683 crore.
Shares of Life Insurance Corporation of India (LIC), the state-owned insurance company that holds shares in seven Adani Group companies, fell today-Thursday after a US court convicted Chairman Gautam Adani and several others in a $250 million bribery case. Prices fell in a single day, holding value decreased by Rs 8683 crore
LIC has stakes in Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Green Energy Solutions, Adani Total Gas, ACC and Ambuja Cements. Adani Enterprises, the group’s flagship company, has suffered the most loss. Because the total loss in 4,64,52,613 shares is Rs 2962 crore. The share has fallen 23 percent or Rs 637.65 to Rs 2182.55.
Apart from this, Adani Ports is at second position. In which the investment value of LIC has decreased by Rs 2959 crore. The share has fallen 13.53 percent from Rs 174.35. As per the latest shareholding data available on BSE, LIC holds 7.86% stake of 16,97,11,417 shares. LIC’s stake in Adani Green NG has reduced by Rs 570 crore. Adani NG Solutions, Adani Total Gas, ACC and Ambuja Cements also saw a decline in the holding value of Rs 716 crore, Rs 463 crore, Rs 191 crore and Rs 822 crore, respectively.
Mister Adani Group Company. What is the value of the fund’s holdings?
Company Name
Mu. of funds
of active funds
(in crore rupees)
total holding
holding
Adani Ports
Rs 12, 102
Rs 5308
Ambuja Cements
Rs 10,689
10, 100 rupees
Adani Enter.
Rs 8714
Rs 5988
ACC Limited
Rs 6650
Rs 6587
Adani Power
Rs 3388
Rs 3116
Adani Eng Sol
Rs 1543
Rs 1384
Adani Green Eng
Rs 252
Rs 0
Adani Total Gas
Rs 94
Rs 0
Adani Wilmar
18
Rs 0
Sanghi Industries
6 rupees
in 4,
Mu. The funds’ stake in 10 companies of Adani Group is Rs 43,455 crore.
The value of mutual fund holdings held by various investors also declined due to differences in the shares of Adani group companies following the US court’s bribery and fraud case against Gautam Adani, Sagar Adani and six others today. As a result, the NAV-net asset value of these mutual funds has also been negatively impacted.
As of October 31, 2024, the Indian mutual fund industry’s total stake in the 10 Adani Group companies stood at Rs 43,455 crore. The figures of how much the holding value of mutual funds has decreased will be available on November 22. Indian asset management companies (AMCs) have the largest stake in 10 listed companies except Adani Gru, according to data from mutual fund research company Value Research. The value of mutual funds’ stake in companies was Rs 41,814 crore in July, which increased to Rs 43,455 crore in October.