Raid, State Excise and Taxation Department raid on cement institutions of Adani Group

Adani Group: Adani Hindenburg Saga: The State Excise and Taxation Department has raided the business establishments of Adani Group amid the ongoing cement dispute in Himachal Pradesh. These teams have taken action on the stores of Adani Wilmar Group in Himachal Pradesh on Wednesday. The team of South Enforcement Zone of Excise Department reached Adani's store in Parwanoo on Wednesday late evening where Adani's records were scrutinised. Let us tell you that after the Hindenburg report came out, the Adani group has got a setback. The shares of Adani Group crashed. However, some recovery also happened on Wednesday. Gautam Adani was out of the list of the world's top rich after the stock came down. The opposition is constantly trying to corner the government on the Adani issue. Meanwhile, raids have been conducted on Adani Group stores in Himachal.

Shock to Adani Group!

Know that the American research company Hindenburg Research had issued a report on January 24 accusing the Adani Group of fraud. Since the report came out, there was a continuous decline in the shares of Adani Group. However, on Wednesday, shares of Adani Enterprises closed at Rs 2,158.65, showing an increase of 19.76 per cent. With this, the market capitalization of Adani Group's company increased by Rs 40,601.14 crore to Rs 2.46 lakh crore.