Market cap erosion of the Adani Group January-February 2023, by subsidiary

Published by Statista Research Department, Dec 9, 2024
As of February 2, 2023, the Indian conglomerate Adani Group's subsidiary, Adani Total Gas, faced the most losses among all its subsidiaries with a market capitalization erosion of around 2.3 trillion Indian rupees. The market cap of nine Adani stocks reduced from 19.2 trillion Indian rupees to 10.5 trillion rupees at the end of the trading session on February 2. This was the result of Hindenburg research's report alleging the company of fraud, tax evasion and stock manipulation.

Erosion in market capitalization of the Adani Group from January 24 to February 2, 2023, by subsidiary (in billion Indian rupees)

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Release date

February 2023

Region

India

Survey time period

January 24 to February 2, 2023

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022.

One Indian rupee is equal to 0.011 euros and 0.0122 dollars (as of January 2023).

Values have been rounded for clarity.

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Overview

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Peer comparison

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Portfolio financials

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Stakeholders

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Impact of the Hindenburg report

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