Adani Group Latest News: Adani Group has suffered a big loss after the report released by the Hindenburg Research firm, but in the midst of all this, the company has made a new plan. In the last 20 days, there has been a sharp decline in the shares of the company. Along with this, Gautam Adani also dropped out of the top-20 in the list of the rich. Looking at all these situations, the company has now made a new strategy on which it will work.
reduced revenue growth target
After the big fall in the shares, the company has reduced its revenue growth target. The company has decided to reduce it by 40 percent. This target has now been reduced to half.
$ 117 billion slipped market cap
Let us tell you that after the report published on the 24th of the last 24 months, there was turmoil in the company. Along with this, the group has to bear heavy losses every day. So far the company’s market cap has fallen by about $ 117 billion.
there will be a legal battle
The company is making various efforts to deal with the loss of Hindberg. Gautam Adani’s Adani Group is preparing to hire one of the ‘Big Four’ (Deloitte, EY, KPMG and PwC) accounting firms to conduct a general audit. Along with this, law firm Wachtell has also been selected to fight this legal battle.
There is a big fall in the stocks even today
Even today the shares of the company are trading with a big decline. Shares of Adani Enterprises are trading at a level of Rs 1,793.50, down by 2.89 per cent. Adani Power’s shares are trading down 4.99 percent, Adani Wilmar 5.00 percent, Adani Green 5.00 percent. Apart from this, Adani Transmission is trading 5 percent, Total Gas is also trading after slipping 5 percent.
