Adani group companies have lost USD 100 billion in market value since the US short-seller Hindenburg Research came out with a damning report alleging fraud at the conglomerate helmed by Gautam Adani.
Shares of most companies from the Adani group fell on Friday after US-based index provider MSCI cut free-float designations of four scrips from the Adani group,
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Three subsidiaries of Adani Green Energy Ltd (AGEL) – Adani Green Energy (UP) Ltd, Prayatna Developers Pvt Ltd and Parampujya Solar Energy Pvt Ltd, collectively housing 930 MW of operational solar power projects – have raised Rs 612.30 crore by their maiden domestic bond issuance, on private placement basis.