In a fresh blow to the Adani group of companies, a global network of investigative journalists alleged that the conglomerate was involved in manipulating share prices of its companies from 2013 to 2018. These revelations come nearly six months after US-based research firm Hindenburg had raised questions on the Gautam Adani-led group of companies, their financial health and disclosures.
Reacting to the expose, investors rushed again to sell shares of Adani Group companies on Thursday, wiping off around Rs32,740 crore worth of wealth on a single day. Shares of Adani Enterprises, Adani Ports and Special Economic Zone, Adani Power, Adani Energy Solutions, Adani Total Gas and Adani Wilmar lost around 2 to 4 percent on the BSE, at closing on Thursday.