Adani Group: Gautam Adani is facing major setbacks since the Hindenburg report came out. In the last one month itself, many big deals have gone out of his hands. The shares of Adani Group are continuously falling. Now Gautam Adani has got another big blow. Adani has also slipped below the 25th position in the Billionaires List. Not only this, a big deal has also gone out of his hands.
Continuous decline in shares
American research firm Hindenburg Report released a report on 24 January. Adani Group got a big shock after this report came to the fore. One by one the shares of all the companies of the group started falling rapidly. Gautam Adani, who was the second richest person in the world, has now slipped to the 29th position in the Bloomberg Billionaires Index. Gautam Adani currently has only $ 42.7 billion in assets left.
Deal with Orient Cement canceled
In Uttar Pradesh, Gautam Adani was shocked by the cancellation of a deal related to electricity meters. After this the deal with DB Power-PTC India also got shelved. Now Orient Cement has also pulled out of the deal. According to a report, Orient Cement, a CK Birla Group company, has terminated the deal with Adani Power Maharashtra. It is being told that Adani Group has failed to get the clearance required for this deal. Negotiations for this deal between the two companies started in September 2021.
