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.
Change in market capitalization of the Adani Group from January 24 to February 3, 2023, by subsidiary
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Business Today. (February 2, 2023). Change in market capitalization of the Adani Group from January 24 to February 3, 2023, by subsidiary [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/1368254/adani-group-change-in-market-cap-by-subsidiary/
Business Today. "Change in market capitalization of the Adani Group from January 24 to February 3, 2023, by subsidiary ." Chart. February 2, 2023. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/1368254/adani-group-change-in-market-cap-by-subsidiary/
Business Today. (2023). Change in market capitalization of the Adani Group from January 24 to February 3, 2023, by subsidiary . Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/1368254/adani-group-change-in-market-cap-by-subsidiary/
Business Today. "Change in Market Capitalization of The Adani Group from January 24 to February 3, 2023, by Subsidiary ." Statista, Statista Inc., 2 Feb 2023, https://www.statista.com/statistics/1368254/adani-group-change-in-market-cap-by-subsidiary/
Business Today, Change in market capitalization of the Adani Group from January 24 to February 3, 2023, by subsidiary Statista, https://www.statista.com/statistics/1368254/adani-group-change-in-market-cap-by-subsidiary/ (last visited October 07, 2024)
Change in market capitalization of the Adani Group from January 24 to February 3, 2023, by subsidiary [Graph], Business Today, February 2, 2023. [Online]. Available: https://www.statista.com/statistics/1368254/adani-group-change-in-market-cap-by-subsidiary/
