00:00Today's share market for Adani Group started with a loss.
00:05Today, on November 20, Adani Group's many shares, especially Adani Enterprises' shares,
00:11faced heavy losses in their initial business.
00:14Adani Group's loss in the share market came after the presence of Gautam Adani in New York
00:18and others in the matter of multi-billion dollar bribery and fraud.
00:25But what will be the impact of Adani Group's shares on the Indian share market
00:30and how can investors get rid of them?
00:32We will tell you about all this in detail in this video.
00:35According to the Reuters report, the commission has said that Adani and others
00:39have bribed about 265 million dollars, which is approximately 2237 crores.
00:46They hoped that these contracts would bring 2 billion dollars in 2 decades,
00:50which would be approximately 16,882 crores.
00:54Prosecutors have also accused Adani of colluding with another officer of Adani Green Energy,
00:59Vineet Jain, and the Adani family of 3 billion US dollars, which is approximately 24,000 crores,
01:06to collect loans and bonds.
01:08And the information of these frauds was hidden from investors and lenders.
01:12Meanwhile, no official statement had come from BSC and NSC on this matter from Adani Group till 9.30 am today.
01:20However, the effect of this news is clearly visible on the shares of Adani Group.
01:23The share of Adani Energy Solutions fell by 20% on BSC and closed at Rs 657.70.
01:31The shares of Adani Enterprises and Adani Ports and Special Economic Zone fell by 10%
01:37to Rs 2538.20 and Rs 1106.15.
01:42The shares of Amuja Cements also fell by 10% to Rs 494.65.
01:48The shares of Adani Green Energy fell by 19% while the shares of Adani Power and Adani Total Gas fell by 18%.
01:56The shares of Adani Wilmer fell by 10%.
01:59The shares of ACC and NDTV fell by 15% and 14%.
02:04Meanwhile, the shares of Australia-listed fund manager GQG Partners,
02:08which is a major shareholder in the shares of Adani Group, also fell by 20% on 21st November.
02:15The overall market capitalization of Adani Group fell by around Rs 2 lakh crore.
02:21According to Capital Market Data, the total M-Cap of Adani Group in the last session was Rs 14,31,000 crore
02:29which fell to Rs 12,43,000 crore.
02:33After the US court ruled against Adani Group for corruption and fraud,
02:40Adani Group cancelled its plan to issue a $600 million bond.
02:45This incident proved to be a big shock for Adani Group
02:48because the US-funded notes of Adani Group are doing business with the fall in ASEAN trading.
02:54Before this, in January 2023, Hindenburg Research accused Adani Group of misusing offshore tax haven
03:03and participating in improper financial activities.
03:07After this report, shares of Adani Group sold sharply,
03:11which reduced the share price of the group to around $150 billion.
03:16Experts believe that this incident can have a deep impact on Adani Group's financial situation and market.
03:24So what is your opinion on this news?
03:26Give us your opinion in the comment box.
03:28And keep watching Good Returns for such updates.
03:31Don't forget to like and subscribe to our channel.
03:37♪
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