Adani group investors to Rambharos: loss of Rs.12 lakh crore

- Hindenburg, Forbes and now Wikipedia.. The Adani Group Scam is Unstoppable

- Adani, Sensex 927 in India with global bourses, Nifty down 272 points in four-month low: Adani group stocks fall for 20 days straight

- FPO cancellation, Adani's move to early debt repayment has no impact on market sentiment

AHMEDABAD: Reports have been pouring in one after another about the Adani Group's financial performance, alleged misappropriation of the company's shares and financial manipulation of the group's shares through tax havens. After Hindenburg's Adani Group scandal and reports that the company's shares were fetching 85 percent above their fundamentals, Forbes reported that Vinod Adani, elder brother of the group's promoter Gautam Adani, was involved in financial manipulation. After this, amid the report that the information available to internet users about the Adani group in Wikipedia has also been tampered with, the share prices of all the listed companies of the Adani group have seen a crash on Wednesday. On Wednesday, investor wealth in the Adani group stood at Rs. 51,376 crore was washed away and in the last 20 days, amid the emergence of new scams every day, investors have withdrawn Rs. 11,62,087 crores (approximately 150 billion dollars) have washed their hands!

The BSE Sensex fell 927 points and Nifty 272 points to close at a four-month low today amid a slump in Adani group stocks. Inflation will not be controlled, Russia will be more aggressive against Ukraine and interest rates will be higher than expected, along with the global stock market, the Indian stock market also fell sharply.

Investors in Adani Group stocks are now helpless. While the stock prices have been rising steadily since September 2021, market regulator Sebi, who has been silent on the assumption that the company's fundamentals are strong, is constantly cracking down on prices, and there is talk in the market that it is investigating who is doing the selling. The government, SEBI and other investigating agencies are also sitting on their hands, so investors are feeling helpless. Even after the stock exchange put the shares of some group companies under special surveillance (no forced delivery or short selling of the shares), the fall in prices is not stopping.

Hindenburg Report dt. On January 24, Adani Group shares were bullish. At this time, the total market capitalization of the listed companies of the group was Rs.19,19,888 crore, which has now become Rs.7,57,806 crore at Wednesday's closing price. This erosion in the Adani group's assets is likely to set a record as the largest erosion in the country and abroad. Round tripping in the share prices of Adani group companies (i.e. foreign money from India is invested in Indian companies), share price manipulation (the promoter or operator only fluctuates the share price), share parking (only the associate companies of the group buy shares and increase their price, then others sell to someone) was alleged by Hindenburg. Apart from this, the group's promoter Vinod Adani has also been accused of laundering billions of dollars through as many as 38 companies set up in foreign countries and tax havens. Adani has refuted these allegations and termed them as baseless but it has not seen any impact on the market.

The Adani group has announced a freeze on various roads, coal-to-PVC, port and airport expansion to prevent erosion in its companies' shares. The debt has started to be paid ahead of schedule. Even though the company has canceled the follow-on public issue of Rs.20,000 crore and announced to return the money to the investors, the selling in the shares of the group companies is not stopping amid the uncertainty.

A fresh round of international allegations against the Adani Group continues today amid allegations by Wikipedia and reports of ambitious acquisition plans being shelved by group companies, hammering stocks across the board today. In which Adani Enterprises fell by 10.43 percent or Rs.163.55 to Rs.1404.85, Adani Port & SEZ fell by 6.25 percent or Rs.36.45 to Rs.546.85, Adani Power fell by five percent or Rs. .8.55 to Rs.162.60, Adani Transmission five percent i.e. Rs.41.50 to Rs.788.75, Adani Green Ng Ltd. Five percent or Rs.28.35 decreased to Rs.539.30, Adani Total Gas decreased by five percent or Rs.43.90 to Rs.834.95, Adani Wilmar Ltd. Five percent i.e. Rs.20.50 decreased to Rs.390.35, ACC Ltd. 4.13 percent i.e. Rs.75.50 down to Rs.1752.35, Ambuja Cements 4.92 percent i.e. Rs.17.35 down to Rs.335.55, NDTV 4.18 percent i.e. Rs.8.80 It was reduced to Rs.201.90.

Adani created a Saak Puppet to build the air in its favour

- Fake accounts on Sak Puppet Net are used to create a referendum in favor of a person

After Hindenburg, Adani's woes have increased following the Wikipedia report. Adani has scrapped two deals, forcing it to put the brakes on its growth plans due to a sharp decline in share value.

Wikipedia has accused Adani of writing about the Adani Group on various platforms for almost a decade. As per Wikipedia claims Sak Puppet is used for this. According to the report, more than 40 sock puppets or anonymous paid writers wrote nine articles or published research articles on the Adani family and its family businesses.

Several articles were edited from it and inaccurate information was added. This Sak Puppet was later banned or blocked. A sock puppet is a fake account active on the Internet that uses social networking platforms such as blogs, forums, Wikipedia, Facebook, and Twitter to create public opinion in favor of a person or issue. Wikipedia alleges that some of the Sack Puppets were company employees and did not follow Wikipedia's warnings against adding inaccurate information.

Following this, Adani Group stocks took a hit on Wednesday with every share of the Adani Group touching its lower circuit.

Erosion in most assets

Elon Musk, $182 billion (between 2021 and January 2023)

Jeff Bezos, $85 billion (calendar year 2022)

Mark Zuckerberg $77 billion (calendar year 2022)

Gautam Adani $71 billion (in 20 days)

11,62,087 crore loss in market cap of Adani Group companies in 20 days

Company Name	Market Capitalization	Market Capitalization	What an erosion
-	24 , Jan. 2023	22 , Feb. 2023	(in Rs. Crores)
Adani Enterprises	Rs.3 , 92 , 474	Rs.1 , 60 , 153	- Rs.2 , 32 , 321
Adani Port SEZ	Rs.1 , 64 , 354	Rs.1 , 18 , 127	-Rs.46 , 227
Adani Power Ltd.	Rs.1 , 05 , 988	Rs.62 , 714.0	-Rs.43 , 274
Adani Transmission	Rs.3 , 07 , 446	Rs.87 , 985.0	-Rs. 2 , 19 , 461
Adani Green Eng	Rs.3 , 03 , 113	Rs.85 , 426.0	-Rs. 2 , 17 , 687
Adani Total Gas	Rs.4 , 27 , 325	Rs.91 , 828.0	-Rs. 3 , 35 , 497
Adani Wilmar Ltd.	Rs.74491.00	Rs.50 , 732.0	- Rs.23,759 _
Ambuja Cement	Rs.98 , 994.00	Rs.66 , 628.0	-Rs.32 , 366
ACC LTD.	Rs.43 , 871.00	Rs.32 , 906.0	-Rs. 10 , 965
NDTV LTD.	Rs.1831.00	Rs.1302.00	- Rs.529
Total market cap.	Rs.19 , 19 , 888	Rs.7,57,801 _ _ _ _	-Rs. 11 , 62 , 087