TotalEnergies reveals $3.1 billion exposure to Adani
TotalEnergies, the French-headquartered energy giant, has told investors it has a “limited” $3.1 billion exposure to Indian conglomerate Adani Group, becoming the first western company to outline its exposure to the company which has shed billions of dollars in market capitalization. In a statement posted on its website Friday, the multinational oil giant outlined the […]
Adani selloff worsens after cancellation of $2.5 billion share sale
Shares of Adani Group companies continued their multi-day plunge Thursday, hours after the Indian conglomerate cancelled an up-to-$2.5 billion share sale amid a record dive in the stock price of its flagship company. Shares of Adani Enterprises 512599, -7.78% were last down 8.8%, a day after the stock fell more than 28% in its biggest […]
Gautam Adani falls to world’s eighth richest man as short seller report wipes $72 billion off Adani market value
Indian billionaire Gautam Adani’s wealth is evaporating, as Adani Group companies have lost a combined $72 billion in market value since U.S. short seller Hindenburg Research published a report on the Indian conglomerate last week. Once Forbes’ third richest billionaire, Adani has fallen back from his quick rise up the ranks, now falling to eighth […]
Adani shares mixed after 413-page response to Hindenburg
Shares of Adani Group companies were mixed in early trading Monday after the Indian conglomerate hit back at criticisms by U.S. short seller firm Hindenburg Research in a 413-page rebuttal. Flagship company Adani Enterprises 512599, +3.47% and Adani Ports & Special Economic Zone Ltd. 532921, -0.74% were up 6.8% and 4.8%, respectively, reversing course from […]