Change in market cap of the Adani Group January-February 2023, by subsidiary
As of February 3, 2023, Adani Group's subsidiary, Adani Total Gas, had the most losses among all the Indian conglomerate's subsidiaries with a 56 percent reduction in market capitalization, followed by Adani Enterprises with 55 percent erosion. This was the result of Hindenburg research's report alleging the company's involvement in fraud, tax evasion and stock manipulation.
