Gautam Adani News: India’s second richest person Gautam Adani has got a big blow after the news of the investigation of Adani Group’s deals by SEBI, the regulator of the stock market. His wealth has fallen by more than 1 billion dollars. At the same time, Gautam Adani has slipped further down in the list of the rich.
On April 1, Reuters had said in a report that India’s stock market regulator SEBI is probing Adani Group’s transactions with three foreign companies. SEBI suspects that the rules have been violated during the transaction. It has also been said in the report that the three companies with which the transaction has been done are related to Gautam Adani’s brother Vinod Adani and it is being investigated by SEBI.
Big fall in shares of Adani Group on Monday
When the market opened on Monday after the news of SEBI’s investigation came, all the shares of Adani Group were on the red mark and when the market closed, Adani Enterprises 1.89 percent, Adani Green Energy 4.96 percent, Adani Ports 0.65 percent, Adani Power 0.55 percent, Adani Wilmar closed down by 2.50 per cent, Adani Total Gas by 2.58 per cent and NDTV by 2.87 per cent. At the same time, a lower circuit of 5 percent was seen in Adani Transmission.
Gautam Adani slipped in the list of rich
Gautam Adani’s net worth also suffered a huge loss after the news of SEBI’s investigation came. His wealth fell by $1.2 billion in 24 hours. Also, Gautam Adani slipped from number 24 to number 27 in Forbes’ Real Time Billionaires list. According to Forbes, Gautam Adani’s total assets are $43.1 billion.
Adani’s empire shook in a report
Let us inform that Gautam Adani’s difficulties are not reducing since the Hindenburg report came. This report, which came out on January 24, reduced the market cap of Adani Group by $120 billion. At the same time, Gautam Adani’s property was destroyed by about 100 billion dollars.