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Hindenburg Causes ₹1 Lakh Crore Loss For Adani | Paisa Live

ABP News Bureau   |  12 Aug 2024 03:46 PM (IST)

Hindenburg has leveled serious accusations not only against the Adani Group but also against SEBI Chief Madhabi Buch. The impact of this report was immediately visible in the stock market today. Within seconds of market opening, the Adani Group saw a staggering loss of ₹1.28 lakh crore. Most of Adani’s shares experienced a decline of 3 to 5 percent, reflecting investor concerns and market volatility triggered by the allegations. The report’s revelations have led to increased scrutiny and uncertainty, affecting investor confidence and leading to significant market adjustments. As the situation unfolds, both Adani Group and SEBI will likely face further scrutiny and responses to address the impact on their reputations and financial stability.

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