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Adani market capitalisation rises for first time since Hindenburg report

Followed regulations while making investments: LIC

Adani Group, Adani
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Photo: Bloomberg

Sundar Sethuraman Mumbai
The combined market capitalisation (m-cap) of Adani Group firms rose for the first time since the release of the scathing report by US short-seller Hindenburg Research on January 24.

On Tuesday, the m-cap of Adani Group stocks rose Rs 10,000 crore after shedding nearly Rs 9.4 trillion in the previous eight trading sessions. 

Shares of flagship Adani Enterprises gained the most at 14.6 per cent. The rise in the group stocks was attributed to the pre-payment of debt and some short covering.

The promoters of the conglomerate, on Monday, prepaid loans worth $ 1.11 billion, thus releasing the pledges in
Topics : Adani Group

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