Published 1 year ago

Gautam Adani no longer Asia's richest person as stock rout deepens to $74 billion

Summary by Inquirer

India's Gautam Adani lost his title of Asia's richest person on Wednesday as a rout in his conglomerate's stocks deepened to $74 billion after a short-seller report.

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Times of India

Gautam Adani no longer Asia's richest person as stock rout deepens to $74 billion

Wednesday's stock losses saw Gautam Adani slip to 10th on Forbes rich list with an estimated $84.1 billion, just below rival Mukesh Ambani, the chairman of Reliance Industries Ltd who has an estimated $84.4 billion. Before the Hindenburg report, Adani had ranked 3rd.

1 year ago·India

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Reuters

Indian regulator looking into $86 billion Adani share wipeout

The share plunge was sparked by a report by U.S. short-seller Hindenburg Research which alleged improper use by the Adani Group of offshore tax havens and stock manipulation.

1 year ago·United Kingdom

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Hindustan Times

Adani loses Asia's richest person title as stock routs after Hindenburg report

A report by Hindenburg Research last week alleged improper use of offshore tax havens while flagging concerns about high debt and the valuations of seven listed Adani companies.

1 year ago·New Delhi, India

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The Star Kuala Lumpur

Adani loses Asia's richest crown as stock rout deepens to $84 billion

BENGALURU (Reuters) - Shares in Indian tycoon Gautam Adani's conglomerate plunged again on Wednesday as a rout in his companies deepened to $84 billion in the wake of a U.S. short-seller report, with the billionaire also losing his title as Asia's richest person. Read full story

1 year ago·Malaysia

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Financial Post

Gautam Adani loses Asia's richest crown as stock rout deepens to $84 billion

BENGALURU -- Indian tycoon Gautam Adani lost his title of Asia's richest person on Wednesday as a rout in his conglomerate's biggest companies deepened to $84 billion in the wake of a short-seller report.

1 year ago·Canada

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