Most Adani Group companies shed market cap on Monday, as the feud between the conglomerate and a short seller firm further deepened.
showed founder and Chairman Gautam Adani's net worth fell further on Friday. His personal wealth has more than halved so far this year, down by 51.1%, or $61.6 billion.have demonstrated "ongoing stability" and are "continuing to function in a transparent, fair and efficient manner." The Sensex is the benchmark index of the BSE — formerly the Bombay Stock Exchange — and the Nifty 50 is the flagship index of the National Stock Exchange of India.
Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, Sept. 27, 2022.Without mentioning Adani companies by name, the regulator noted "unusual price movements in the stocks of a business conglomerate," adding that it is monitoring those moves. said that "the banking sector remains resilient and stable," citing its own assessment of the situation. It added that it will continue to monitor the stability of the industry.
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Indonesia president warns regulator to boost supervision after Adani routIndonesian President Joko Widodo urged on Monday his country's financial regulator to strengthen supervision on capital markets in the wake of the crisis at India's Adani Group.
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