Adani group shares witnessed worst week since late February as the deletion of two of its entities Adani total Gas and Adani Transmission from the MSCI index weigh over $10 billion market capital on Gautam Adani-led companies
The Indian government is expected to be against any proposal by Hindustan Zinc Ltd (HZL) to acquire its parent company Vedanta s global zinc business unless the valuation of the assets is reduced to a more realistic level.
On Monday, the Adani group wrote a strongly worded letter to the editor of the publication asking it to take down the story as it created a “misleading narrative, misunderstanding in the markets, created a reputational impact on the Adani Group companies".