[ad_1]
Adani Group Good news has come about. Adani Group has paid the full $1.2 billion to acquire Haifa Port. Israeli Ambassador to India Nour Gillon gave this important information. He expressed hope that in the coming times Adani Group will increase its investment in other areas of Israel. Let us tell you that last month Adani Group acquired the strategic Israeli port of Haifa for $ 1.2 billion. Apart from this, the Adani Group group had committed to open an Artificial Intelligence Lab in Tel Aviv and to invest more in Israel. Giving information on this today, Israeli Ambassador Nour Gillon said that we have two ports in the Mediterranean. The Haifa port is a strategic asset. We are giving it to an Indian company. Handing over its strategic assets to India is a symbolic gesture of the deep trust both the countries have in each other.
Many Indian companies have invested in Israel
Israel’s Ambassador to India said that not only Adani Group from India but many other big industrialists and companies of the country are furthering their business in Israel for better environment and partnership between the two countries. More than 80 companies and industrialists, including Tata Sons, continue to participate in Israel. To take this further, the two countries are negotiating a Free Trade Agreement. Israeli Ambassador Nour Gillon said that if a free trade agreement is signed between the two countries, it will not only benefit both the countries but will also encourage business investment. Speaking on the occasion, Adani Group chief Gautam Adani said, “The acquisition of Haifa port is also very important for the development of real estate. I promise you that in the years to come, we will transform the surrounding area as well.
Big fall in shares of Adani group companies
Shares of Adani group companies fell heavily on Wednesday amid a weak trend in the domestic stock market. Shares of all the listed group companies closed with losses. The market valuation of ten listed group companies declined by Rs 51,294.04 crore on Wednesday. Shares of Adani Enterprises closed 10.43 per cent down at Rs 1,404.85 on the BSE. It fell 11.94 per cent to Rs 1,381.05 during the day. Shares of Adani Ports fell 6.25 percent, Adani Power, Adani Transmission, Adani Total Gas all fell five percent. Adani Green Energy declined 4.99 per cent, Adani Wilmar 4.99 per cent and Ambuja Cements 4.92 per cent. NDTV lost 4.13 percent and ACC lost 3.97 percent. Shares of several group companies had touched their lower circuit in morning trade.
Stocks fall steadily after Hindenburg Research report
Shares of Adani group companies have been falling continuously since the report of US financial research company Hindenburg Research. In this report, the group has been accused of fraud. However, the group has denied these allegations. After the arrival of this report, the market valuation of all the ten listed companies has decreased by Rs 11,62,030.29 crore since January 24. Rohan Shah, chief technical analyst at equity broking company Stockbox, said, “Adani group’s market capitalization has declined 70 per cent to Rs 7.55 lakh crore from around Rs 25 lakh crore.
[ad_2]
Source link