Mumbai, May 27 (IANS) Shares of Adani Group companies have recovered all losses triggered by the 2023 Hindenburg Research report, with the conglomerate’s combined market value nearing Rs 19 trillion amid improving investor sentiment and easing regulatory concerns.The listed companies of billionaire Gautam Adani-led Adani Group have staged a strong comeback, erasing nearly all losses caused by the controversial 2023 short-seller report by Hindenburg Research.The combined market capitalisation o…
Latest Capital Group News & Updates
New Delhi, May 22 (IANS) In a major shift among foreign investors regarding their investments in India’s largest conglomerates, the prominent investment management firm Capital Group has increased its exposure to Adani Group companies while decreasing holdings in Reliance Industries Ltd (RIL), according to a new report.According to a Bloomberg report, citing people familiar with the matter, the US-based firm has acquired stakes worth over $2 billion across three Adani Group companies — Adani Po…