Adani Enterprises fell 5.4%, while Adani Green Energy and Adani Transmission declined over 4% each. Adani Power, Adani Wilmar, and Ambuja Cement also fell nearly 3%.
In January 2023, Hindenburg Research had said that Adani Groups “engaged in a stock manipulation and accounting fraud” and called it the “largest con in corporate history”.
According to one of the persons, a formal announcement is expected in the next three-four days. The firm was reappointed statutory auditor last year for a five-year period, according to the company s annual report for FY22.