Adani loses $19 billion in market bloodbath, slips from top 20 global rich list
Adani’s notional wealth stood at $56.1 billion on Friday, down from $74.9 billion at the beginning of June 14, according to Forbes Real time Billionaires index.
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By Express News Service
NEW DELHI: Gautam Adani, promoter of Adani Group and India’s second richest billionaire, has lost his position in the world’s billionaires’ list after losing a whopping $18.8 billion in less than 20 days. The stocks of Adani’s group firms have been on the sliding path since June 14.
The investors have been shying away from the stock following a report that the National Securities Depository Limited (NSDL) had frozen the accounts of foreign investment firms which had stakes worth Rs 43,500 crore in Adani’s four listed companies — Adani Enterprises, Adani Green Energy, Adani Total Gas and Adani Transmission.