Gautam Adani has slipped to twenty fifth spot within the world wealthy checklist together with his web price tanking by a whopping 71.5 billion or practically 60 per cent on the year-to-date (YTD) foundation to USD 49.1 billion from USD 120.6.  The billionaire businessman’s private web price has been falling since 24 January 2023, after a US-based quick promoting firm Hindenburg Analysis revealed a report alleging Adani Group of inventory manipulation and fraud.

Adani’s fall from quantity two spot is triggered by the Hindenburg report as all 10 listed firms of the Adani Group proceed to bleed with intermittent recoveries.       

The highest three positions is occupied by French businessman Bernard Arnault (USD 192 billion), Elon Musk (USD 187 billion) and Jeff Bezos (USD 121 billion) in line with Bloomberg Billionaire Index.      

 Supply: Bloomberg

Whereas Musk’s fortunes have gone up by 50 billion on the YTD foundation, Arnaults private wealth has risen by USD 29 billion throughout this era.

Zee Enterprise brings an unique analysis on Adani Group’s money flows. 

The analysis report highlights fall in 10 listed firms of the Adani Group  

Firm                        % fall in share worth 

Adani Complete             76.5% 

Adani Inexperienced              69.8%

Adani Transmission       68%      

Adani Enterprises          53%   

Adani Energy             40.8%

Ambuja                33%

NDTV                 26.2%

Adani Port               26% 

Adani Wilmar           22.5% 

ACC                  22.5% 

In a 14 February investor presentation, the Adani Enterprises gave particulars of money and money equal of its group firms placing it at Rs 31,646 crore. The corporate has included cash deposits and safety deposits older than 12 months. The channel checked previous information of the corporate to see if it had included these heads prior to now as effectively.  

On trying on the annual reviews of Adani Group firms, it was discovered that cash and safety deposits have been put as ‘Different Non-current Belongings’. It has now been faraway from there and put into money and money equal.  

In March 2022 annual report, margin cash and deposits price Rs 2,000 crore have been there in Adani Ports and Particular Financial Zone, in Adani Transmission it was round Rs 1,000 crore and in Adani Inexperienced it was round Rs 1,800-2,000 crore. In 4-5 firms, these heads have been price practically Rs 5,000-Rs 6,000 crore. 

This determine is included within the Rs 31,646 crore quantity. The analysis stated that the newest figures are usually not out there as of now.  

Many traders have raised considerations pertaining to this and have requested for clarification on this. 

See Full Report Right here

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जानिए अरमान नाहर से…@ArmanNahar @AnilSinghvi_ #AdaniEnterprises #AdaniGroup

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— Zee Enterprise (@ZeeBusiness) February 20, 2023

Promoting stress in Adani Group firms’ shares stay unabated.