Impact of OCCRP report: 35 thousand crore loss to Adani Group

Shares of the company fell on Thursday after the Organized Crime and Corruption Reporting Project (OCRP) accused the Adani group of investing millions of dollars in its shares through foreign entities linked to partners of its promoter family. Adani Group has suffered a loss of more than 35 thousand crores on Thursday.

On the BSE, Adani Green Energy’s scrip traded at Rs. 1.47 lakh crore with a market cap down 4.43 percent to Rs. 927.65. Adani Power shares fell 3.82 percent to Rs. 315.85. Shares of Adani Enterprises fell 3.56 percent to Rs. 2,424 and shares of Adani Energy Solutions fell 3.18 percent to Rs. 814.95.

Also read: What was lacking is over… New allegations against Adani Group, Hindenburg also reacts

On the BSE, Adani Ports fell 2.75 percent to Rs. 796.50, Adani Total Gas fell 2.74 percent to Rs. 634.60, NDTV fell 2.69 percent to Rs. 213.30 and Adani Wilmar fell 1.83 percent to Rs. 362.20 was done.

Also read: Gautam Adani suffered many setbacks, his status declined, his wealth declined and his position declined.

Friday, January 27, 2023 Friday, August 31, 2023

Decline of the company

Adani Total Gas -20%, -2.59%

Adani Green Energy -19.99% -4.39%

Adani Transmission -19.99% -3.52%

Adani Enterprises -18.52% -3.77%

Adani Ports -7.2% -3.37%

Ambuja Cement -9.6% -3.53%

Adani Wilmar -5% -2.56%

ACC -5% +0.47%

Adani Power -5% -2.24%

NDTV -5% -2.10%

Rahul Gandhi has reiterated his demand for a JPC probe into the Adani case

Following the allegations leveled against the Adani Group by the Organized Crime and Corruption Reporting Project (OCRP), former Congress President Rahul Gandhi has once again reiterated his demand for a JPC probe into the matter. Targeting the central government on Thursday, he said that this matter is connected with the country’s reputation. He said that the truth of the entire episode related to Adani can only come out through the JPC.

The court should note:AAP leader Sanjay Singh said, I request the Supreme Court to consider the OCCRP report and take strict action against Adani. A JPC should be constituted to investigate.

Open violation of rules: Congress General Secretary Jairam Ramesh said that the Adani group has used shell companies. This is a clear violation of SEBI regulations. The report is a reminder that the Prime Minister’s scam has turned out to be hollow.