<<"Sebi is probably trying to ascertain whether the sharp fall in stock prices of several Adani companies would have any bearing on the liquidity positions and the debt repayment capability of the borrowing companies... Most of this information, however, is in public domain," a person aware of the communication from the regulator told ET.
The report came on a day when Adani firms' stocks had their worst day in two weeks as investors lost an additional Rs 51,000 crore on Wednesday. Adani Enterprises' stock fell 9.55% while Adani Ports' shares fell 4.66%. Shares of Adani Green, Adani Power and Adani Transmission fell 5% each.>> (Excerpted from: < https://www.businesstoday.in/markets/stocks/story/sebi-seeks-info-on-ratings-of-adani-firms-loans-says-report-investors-lose-rs-51000-cr-today-371097-2023-02-22 >.) Also relevant: <<The Adani Group stocks got an eye-opening jolt on Wednesday that saw destruction of ₹51,294.04 crore of investor wealth. All the Adani Group's 10 listed firms have together lost ₹11,62,030.29 crore in market valuation as selling pressure intensified. Post the release of US-based short seller Hindenburg's bombshell report on 24 January, the shares of Adani Group shares have lost 60% of their value. Adani Group's flagship Adani Enterprises Ltd was one of the major losers on the Nifty. Shares of the ports-to-power conglomerate's flagship entity closed 11.05 per cent lower at ₹1,397.50 apiece on the NSE.>> (Ref.: < https://www.livemint.com/market/stock-market-news/adani-group-stocks-post-worst-day-in-two-weeks-as-investors-lose-rs-40-000-crore-11677057272270.html >.) -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. To unsubscribe from this group and stop receiving emails from it, send an email to greenyouth+unsubscr...@googlegroups.com. To view this discussion on the web, visit https://groups.google.com/d/msgid/greenyouth/CACEsOZjWO78_DZiOn%3D%3DuQF3Oy2J96cF6bXQWmeano56SWj%2BA-A%40mail.gmail.com.
