Business / Gautam Adani lost more than 1 lakh crore in a week due to FPI news

Zoom News : Jun 19, 2021, 04:01 PM
Because of the tremendous beating of the shares of Adani Group, its head has a huge drop of $ 14.1 billion in the net worth of Gautam Adani, that is about Rs 1,04,543 crore. A news about the foreign portfolio investors (FPI) investing in Adani Group saw a tremendous decline in shares of Gautam Adani's Adani group.

On Friday last week when the stock market was closed, Gautam Adani's Netwara was 77 billion dollars (about Rs 5,70,909 crore) according to the Netwara Bloomberg Billionair Index. But after the closure of the stock market on Friday this week, Gautam Adani's net worth was reduced to $ 62.9 billion (about Rs 4,66,366 crore). Due to the beating of Adani's shares in the stock market, Gautam Adani has a huge decline in the net worth.

Beating a news and shares

In this whole week Gautam Adani's Adani Group's shares were tremendous. From Monday to Friday, the condition of the shares of Adani Group was poor.

On Monday, the news came that the National Securities Depository Limited (NSDL) has banned the account of three foreign funds. These funds have invested Rs 43,500 crore in Adani Group companies. Because of this, the shares of Adani group companies began to dive on Monday.

Lower circuits in many shares

After Monday afternoon, the Adani Group issued a statement about this and said that this news is completely baseless. NSDL also denied it. But this did not stop rolling the shares of the Adani group.

There are many shares of Adani Group for a week. Adani Ports and Special Economic Zone's shares broke Rs 144 in a week. Adani Enterprises 112 rupees, transmission broke 362 rupees in a week. Adani Power 34 rupees in a week, Adani Total Gas 367 and Adani Green Energy Rs 164 broke.

Gautam Adani is no longer the second nobles of Asia. He has reached this place on Wednesday and reached third place. Rather and reached third place. Due to this heavy decline, China's businessman Zhong Shanshan has again become the second richest person in Asia.