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Adani Group companies have been in the news recently due to their falling shares. The shares of all 10 Adani Group companies fell on Tuesday, with at least four locked in their lower circuit. Shares of flagship Adani Enterprises fell nearly 7{64145b7dba5db8f1ee93b8eefc0468b994249905d3feff6a5d4db169cc5a7983} on that day.
The fall in Adani Group shares was triggered by a report by The Ken, which raised questions about whether the group has actually repaid debts worth $2.15 billion. Reports that NSDL had frozen the accounts of three foreign funds that hold around $6 billion worth of stock in Adani companies have also contributed to the fall.
Credit Suisse has also stopped accepting bonds of Adani companies as collateral for margin loans.
The market reports have pointed to a possible insufficient disclosure of information regarding beneficial ownership.
The Adani Group has warned of legal action against short seller firm Hindenburg, which announced its short position in the conglomerate’s firms.
Here are some websites that discuss Why Adani Shares Are Falling Today:
– [CNBC](https://www.cnbc.com/2023/01/27/adani-shares-drop-further-as-group-warns-of-legal-action.html)
– [India Today](https://www.indiatoday.in/business/story/adani-group-shares-10-listed-stocks-fall-report-debt-repayments-pledged-shares-2352453-2023-03-28)
– [Forbes](https://www.forbes.com/advisor/in/investing/why-adani-shares-are-falling/)
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