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Adani Group Selling has returned once again in K stocks. Shares of 10 listed companies of the group are seeing a decline in six today. Among the companies which have declined, Adani Enterprises, ACC, Adani Ports and SEZ, Adani Wilmar, Ambuja Cement and NDTV are seeing a decline in their shares. Experts say that the period of ups and downs in Adani Group companies is going to continue till the committee constituted by SEBI and Supreme Court does not submit its report.
Adani Group Stocks
Due to these two reasons, there is pressure on the shares again.
1. Adani Group has pledged shares of its two companies Adani Transmission and Adani Green Energy with SBICAP Trustee. Adani Group has had to do this to support the loans of Adani Enterprises. As per the regulatory filing, 0.99% of Adani Transmission and 0.76% of Adani Green Energy are pledged. As per the current market price, these shares are worth around Rs 1700 crore. Due to this, pressure is being seen on the shares of many group companies today. Let us tell you that in recent times, Adani Group has redeemed the shares of many companies by repaying the loan ahead of time.
2. Apart from this, NSE has placed Adani Enterprises, Adani Power and Adani Wilmar in the Short-Term Additional Surveillance Mechanism Framework (Special Monitoring) from Thursday. Its negative impact has also been seen on the stock of group companies. Recently, NSE and BSE had taken Adani Enterprises out of the short-term Additional Surveillance Measures (ASM) framework.
Gautam Adani slips again in the list of rich
Gautam Adani has again slipped in the list of rich due to the decline in the companies of Adani Group. According to the Forbes Billionaire Index, Gautam Adani has reached the 25th position in the rich list.
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