Adani companies lose shares worth ₹1.75 lakh crores in 5 days, more money than anyone else in the world

Shares of Adani Group companies are falling every day since the begining of this week. Even today the shares of 4 group companies are trading on the lower circuit. That is, their shares have reached the lowest extent of their decline in a day. These shares are trading with a fall of 5% each for the fifth consecutive day. This has brought down the group’s total market cap by Rs 174,615 crore.

Shares of Adani Group continued to fall since Monday. However, today the shares of Adani Enterprise and Adani Port are up by 5% each. But the shares of the remaining four companies Adani Total Gas, Adani Power, Adani Transmission, Adani Green Energy are down by 5% each. The shares of its four companies had reached Rs 1600, which are now trading between Rs 1200-1300.

The largest company in the group in terms of market capitalization was Adani Green Energy. Its market cap was Rs 2 lakh crore. Now it has come down to Rs 165,425 lakh crore. There has been a decrease of Rs 26,425 crore in this. The market cap of Adani Enterprises has declined by Rs 24,504 crore in five days. It has now become Rs 1.51 lakh crore. The market cap of Adani Port has come down by Rs 27,836 crore to Rs 132,622 crore.

Similarly, the market cap of Adani Power has come down by Rs 15,684 crore to Rs 44,316 crore. The market capitalization of Adani Transmission has come down by Rs 39,726 crore to Rs 135,925 crore. Adani Total Gas has suffered the most. Its market cap has fallen by Rs 40,440 crore to Rs 138,367 crore.

The reason for the fall in the shares was that SEBI caught three such foreign investors in the group companies, which are believed to be bogus. These three investors are – Albula Investment Fund, Cresta Fund and APMS Investment Fund. They are registered at the same address of Port Louis, the capital of Mauritius. They don’t have website. SEBI has frozen the investments of these three.

Shares continued to fall since Monday after news of three foreign investors freezing their money in Adani Group companies. On Monday, the stock of Adani Enterprises had fallen 22%. Apart from this, the shares of the remaining 5 listed companies had seen a decline ranging from 5 to 15%. Although there was a recovery in the shares of three companies by the end of the evening, but the shares of the remaining three are continuously in the lower circuit.

According to sources, now it will be very difficult for Adani to become the richest businessman in Asia. Because there are not many good days ahead for their companies. This is because Adani’s coal mines project in Australia is stuck. There is a continuous protest here and the country’s largest bank State Bank of India is not giving loans to it.

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