Gautam’s ‘Asia’s second richest’ crown snatched, 14.1 billion lost in one week,
Kathmandu. India’s Adani Group’s share price has plummeted to 14.1 billion in a week, according to the group’s chief Gautam Adani. Shares of Adani Group companies fell sharply last week due to a report on foreign investors investing in the group.
When the stock market closed last Friday, Gautam Adani’s total net worth was 77 billion, according to the Bloomberg Billionaire Index. However, the stock market closed on Friday this year.
According to the report, the situation in the share price of Adani Group companies was very bad from Monday to Friday this year.
On Monday, it was reported that the National Securities Depository Limited had blocked the accounts of three foreign funds. These funds have invested Rs 43,500 crore in various Adani Group companies. That is why the shares of Adani Group have fallen sharply.
Many shares of Adani Group have been in lower circuit for a week. Shares of Adani Ports and Special Economic Zone rose 144 per cent during the week