As a result of exposure to the Adani Group, NJ Mutual Funds in India reportedly witnessed a 63 percent erosion in their market capitalization between December 2022 and January 2023. A large number of mutual fund companies incurred significant losses as a result of the setback to Adani Group's stocks. This was post the publication of Hindenburg's report claiming the conglomerate was involved in fraud and stock manipulation among others.
Change in market capitalization of select asset management companies exposed to Adani Group from December 2022 to January 2023
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The Hindu. (February 14, 2023). Change in market capitalization of select asset management companies exposed to Adani Group from December 2022 to January 2023 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1364461/adani-group-change-in-market-cap-of-amcs/
The Hindu. "Change in market capitalization of select asset management companies exposed to Adani Group from December 2022 to January 2023." Chart. February 14, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1364461/adani-group-change-in-market-cap-of-amcs/
The Hindu. (2023). Change in market capitalization of select asset management companies exposed to Adani Group from December 2022 to January 2023. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1364461/adani-group-change-in-market-cap-of-amcs/
The Hindu. "Change in Market Capitalization of Select Asset Management Companies Exposed to Adani Group from December 2022 to January 2023." Statista, Statista Inc., 14 Feb 2023, https://www.statista.com/statistics/1364461/adani-group-change-in-market-cap-of-amcs/
The Hindu, Change in market capitalization of select asset management companies exposed to Adani Group from December 2022 to January 2023 Statista, https://www.statista.com/statistics/1364461/adani-group-change-in-market-cap-of-amcs/ (last visited December 30, 2024)
Change in market capitalization of select asset management companies exposed to Adani Group from December 2022 to January 2023 [Graph], The Hindu, February 14, 2023. [Online]. Available: https://www.statista.com/statistics/1364461/adani-group-change-in-market-cap-of-amcs/
