Adani Group Shares / Adani lost Rs 2.24 lakh crore in a few minutes due to a report from America

Adani Group Shares: After Gautam Adani and his group officials were accused of bribery in the US, the Indian stock market witnessed a huge decline on Thursday. Shares of Adani Group companies fell by 10 to 20 percent, causing panic among investors. Especially the stocks of major companies like Adani Enterprises, Adani Ports, Adani Power and Adani Green Energy suffered huge losses, and in a few minutes the total market cap of Adani Group decreased by Rs 2.24 lakh crore.

Adani Group suffered huge losses

The loss of Adani Group companies in the stock market was so huge that the market cap of many companies lost billions of rupees. Among these, Adani Enterprises and Adani Green Energy have suffered the most losses. Let us know which companies of Adani Group suffered how much loss:

Adani Enterprises: The market cap of this company decreased by Rs 48,821.84 crore, due to which its market cap decreased from Rs 3,25,502.04 crore to Rs 2,76,680.20 crore.

Adani Port and SEZ: It suffered a loss of Rs 27,844.19 crore, after which its market cap decreased from Rs 2,78,452.71 crore to Rs 2,50,608.52 crore.

Adani Power: This company suffered a loss of Rs 36,006.08 crore, and its market cap decreased from Rs 2,02,367.67 crore to Rs 1,66,361.59 crore.

Adani Energy Solutions: It suffered a loss of Rs 20,950.36 crore, and its market cap declined from Rs 1,04,763.85 crore to Rs 83,813.49 crore.

Adani Green Energy: The company suffered a loss of Rs 42,865.415 crore, following which its market cap declined from Rs 2,23,509.64 crore to Rs 1,80,644.23 crore.

Adani Total Gas: It suffered a loss of Rs 13,417.69 crore, following which its market cap declined from Rs 73,934.73 crore to Rs 60,517.04 crore.

Adani Wilmar: The company suffered a loss of Rs 4,249.94 crore, and its market cap declined from Rs 42,512.48 crore to Rs 38,262.54 crore.

ACC Limited: It suffered a loss of Rs 5,969.76 crore, and its market cap declined from Rs 41,032.45 crore to Rs 35,062.69 crore.

Ambuja Cement: This company suffered a loss of Rs 23,787.94 crore, and its market cap declined from Rs 1,35,200.13 crore to Rs 1,11,412.19 crore.

NDTV: This company suffered a loss of Rs 156.99 crore, and its market cap declined from Rs 1,091.82 crore to Rs 934.83 crore.

After all these losses, the total market cap of Adani Group companies has come down by Rs 2,24,070.205 crore.

What are the allegations?

US officials have leveled serious allegations against Gautam Adani, his nephew Sagar Adani and other officials. It is alleged that the Adani Group paid a bribe of $250 million (about Rs 2110 crore) to Indian government officials to secure large solar power contracts between 2020 and 2024. The Adani Group was likely to benefit by more than $2 billion from this bribe.

US Attorney for the Eastern District of New York Brian Peace has described it as an elaborate bribery scheme. In this case, Gautam Adani, his nephew Sagar Adani and former CEO of Adani Green Energy Vineet Jain have been charged with securities fraud, wire fraud and conspiracy.

Result

After the bribery allegations against Gautam Adani and his group, not only the shares of Adani Group companies fell sharply, but there was a big stir in the entire Indian stock market. This incident has shaken the confidence of investors and raised questions about the global image of Indian companies. Although the Adani Group has denied these allegations, the incident has alerted investors and market experts. Investigation into this matter in the future may cause further fluctuations in the market.