Shares of most of Adani Group companies continued to see sharp losses for a third consecutive trading session.
Most Adani Group companies continued to see sharp losses for a third consecutive trading session as the company released its rebuttal on short seller firm Hindenburg's report.
Adani Enterprises' stock price remains more than 25% lower in the month to date, Refinitiv data showed. Founder and chairman Gautam Adani's net worth fell $27.9 billion in the year to date, according to the Bloomberg Billionaires index. Gautam Adani, chairperson of Indian conglomerate Adani Group, at the World Congress of Accountants in Mumbai on Nov. 19, 2022. Founder Gautam Adani, the richest man in Asia and once second only to Elon Musk, fell out of the world's top five richest to rank seventh on the Bloomberg's Billionaire Index.
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