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Adani Group equity raises 20%, increasing market capitalization to Rs. 1 trillion

Despite the Adani Group controversies, Adani stocks were among the top gainers in November 2023 trading after the Supreme Court postponed ruling on petitions for an investigation into the claims made against the Group by U.S. short-seller Hindenburg Research.

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Adani Group equity raises 20%, increasing market capitalization to Rs. 1 trillion

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  1. ADANI GROUP EQUITY RAISES 20%, INCREASING MARKET CAPITALIZATION TO RS. 1 TRILLION

  2. The market capitalization of the Gautam Adani-owned conglomerate increased by more than Rs. 1 lakh crore on 28th November 2023, the largest one-day rise since the publication of the damning Hindenburg report on 25th January 2023. Despite the Adani Group controversies, Adani stocks were among the top gainers in November 2023 trading after the Supreme Court postponed ruling on petitions for an investigation into the claims made against the Group by U.S. short-seller Hindenburg Research. After hearing several arguments in the Adani-Hindenburg case, the Supreme Court decided to hold off on making a decision, which caused a dramatic increase in Adani's stock price.

  3. ADANI ENTERPRISE On 24th November 2023, the Supreme Court wrapped up its hearing over the numerous accusations. The S.E.B.I. informed the court that it would not pursue further inquiry to finish it. Out of the 24 cases the S.E.B.I. looked into, it had finished 22 of them and turned in the reports, but two still needed information from foreign regulators, it stated. The court ruled that the newspaper and portal stories and results could not be regarded as "evidence" in the Adani Group controversies case. The market capitalization of Adani Group has increased by Rs. 4.49 trillion in the last 10 months. Still, it is over Rs. 7.9 trillion less than what the Gautam Adani-led Group owned on 24th January 2023, the day before the Hindenburg report was made public. 02 03

  4. AT CLOSING, ALL 10 OF THE ADANI GROUP'S EQUITIES WERE TRADING MUCH HIGHER The response indicates that the market is now paying attention to the Group's ambitious expansion plans and suggesting a rebound from the Adani Group controversies. Adani continues to live up to its promises of investing in energy security, and investors are increasingly persuaded of this by the company's strategic orientation and prospects for steady growth. Over the next few years, Adani Group stocks should continue to rise due to the company's compelling value offer and quick growth. 02 03

  5. THANK YOU

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