Adani Group ’s 10 listed firms suffered a combined erosion of ₹51,294.04 crore in their market valuation on February 22, 2023. File
| Photo Credit: AFP
Shares of Adani Enterprises tumbled 10.4% on the BSE on Wednesday to close at ₹1,404.85 after a post in Wikipedia’s online daily ‘The Signpost’ alleged that an employee of the Adani Group had likely manipulated information about the group in entries on the volunteer-contributed online encyclopedia.
Other Adani Group stocks also slumped.
The conglomerate’s 10 listed firms suffered a combined erosion of ₹51,294.04 crore in their market valuation on Wednesday, Press Trust of India reported.
Shares of Adani Ports declined 6.25%, while those of Adani Power, Adani Transmission, Adani Total Gas, Adani Green Energy and Adani Wilmar slumped by 5%, or almost 5%, each.
In the broader market, the BSE Sensex fell 927.74 points, or 1.5%, to settle at 59,744.98 points.
Adani Group stocks have taken a beating on the exchanges after U.S.-based short seller Hindenburg Research last month alleged that the group had indulged in fraudulent transactions and share-price manipulation. The Adani Group has refuted all the allegations as false and misleading.
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