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Gautam Adani no longer even in top 20 richest people, fallen sharply from $124 billion on 17 Jan to $61.3 billion

 jpradhan@efastmail.in

Gautam Adani's troubles are not seizing after the Hindenburg report, the shares of Gautam Adani's companies are continuously falling. Shares of Adani Enterprise Limited, the most prestigious and flagship company of Adani Group, fell up to 35% on Friday . If we look at the data of the National Stock Exchange (NSE), after the Hindenburg report came out, till February 2, a total of 9.22 lakh crore rupees of 9 companies of Adani Group were sunk. Adani Enterprises and Adani Total Gas have suffered the most.

The total valuation of 9 companies of Adani Group has now reduced to Rs 10.41 lakh crore in the stock market. Till a month ago December 30, their market cap was Rs 19.63 lakh crore. Adani Enterprises and Adani Total Gas, two such companies, account for almost half of the total losses.

The total valuation of Adani Enterprises as on 30 December 2022 was Rs 4.40 lakh crore, which has now come down to just Rs 1.78 lakh crore. Similarly, the valuation of Adani Total Gas was Rs 4.06 lakh crore, which now remains at Rs 1.88 lakh crore.

Company Valuation as on 30 December 2022 Valuation as on 2 February 2022

Adani Enterprises 4.40 lakh crore 1.78 lakh crore

Adani Total Gas 4.06 Lakh Crore 1.88 Lakh Crore

Adani Green Energy 3.06 lakh crore 1.64 lakh crore

Adani Transmission 2.89 Lakh Crore 1.74 Lakh Crore

Adani Ports & SEZ 1.77 Lakh Crore 1.00 Lakh Crore

Adani Power Limited 1.16 Lakh Crore 0.78 Lakh Crore

Ambuja Cement 1.04 Lakh Crore 0.70 Lakh Crore

Adani Wilmar Limited 0.80 lakh crore 0.55 lakh crore

ACC Limited 0.46 lakh crore 0.35 lakh crore

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