Key Points
In January this year a bombshell report by an US-based short seller lopped billions off Gautam Adani's business empire, taking away his richest Indian tag almost overnight..
And as the worlds 500 richest people added $852 billion to their fortunes, the billionaire saw the highest wealth erosion in the first half of 2023...
The Hindenburg report - vehemently denied by the Group - had lopped off close to $150 billion in market value at the lowest point..
"The report was a combination of targeted misinformation and outdated, discredited allegations aimed at damaging our reputation and generating profits through a deliberate drive-down of our stock prices," Adani said recently. He also noted in the annual report of group's flagship Adani Enterprises that a Supreme Court -appointed panel of experts found no regulatory failure...
According to the Bloomberg Billionaires Index Elon Musk and Mark Zuckerberg had led a $852 billion surge among the world's 500 richest individuals..
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18, Jul, 23Gautam Adani, Chairman of Adani Group, was addressing the shareholders at the Annual General Meeting for 2023.
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