The Mauritius-based funds invested in firms that ended up defaulting or were investigated for wrongdoing.
Shares of all six listed Adani group companies slipped in early trading Tuesday
Adani said a section of the media indulged in "reckless" reporting on administrative actions of regulators, which resulted in a sharp fall in share prices
The Indian economy was worth $2.89 trillion before the pandemic, which wiped off over 7 per cent of the total economy.
Weeks after confusion over three Mauritius-based funds whipsawing shares of Adani group firms, billionaire Gautam Adani on Monday clarified
Group's focus is on creating long-term sustainable value, says businessman
Environmental nonprofit says company is making a significant negative contribution to global warming
Indian tycoon Mukesh Ambani's $10 billion entry into renewable energy could drive solar tariffs further to ground and ignite bidding wars with fellow billionaire Gautam Adani, industry analysts say
Barclays Plc and JPMorgan Chase & Co. are among banks in discussions to provide the funds to Adani Airport Holdings Ltd, say people familiar with the matter
Until now, the two billionaires, both hailing from Prime Minister Narendra Modi's home state of Gujarat, have largely operated in their separate spheres. Clean energy would see them overlap.
Adani Ports and Special Economic Zone (APSEZ) and Adani Enterprises were rallied 7 per cent and 6 per cent, respectively, in intra-day trade on the BSE
The decline saw the firms' cumulative market capitalisation decline by over a sixth.
Adani has lost over $12 billion in just four days after concerns over FPI ownership.
The 58-year-old tycoon lost more money this week than anyone else in the world, with his personal fortune tumbling by about $9 billion to $67.6 billion
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A temporary bout of nervousness in the stock market won't shake Asia's second-richest man.
Shares of Adani Green Energy, Adani Ports and Adani Enterprises rose up to 5 per cent each in intra-day today but soon pared gains to trade flat-to-negative
Shares recoup some losses after company, NSDL, FPIs deny report
Elara India Opportunities Fund, Albula Investment, APMS Investment and Cresta Fund have investment in a number of domestically listed firms besides the Adani group firms
Shares of all six companies - Adani Enterprises, Adani Green Energy, Adani Ports, Adani Power, Adani Total Gas and Adani Transmission - hit their respective lower circuits in intra-day trade today