It also throws light on the resilience of Gautam Adani, the chairman and the founder of the global business, even during times of crisis. It also includes the time when the conglomerate was being flooded with accusations of Adani scam.
2. The Adani Group, one of the largest and most
reliable business groups, has always been in
the attention of domestic investors. Some of
the biggest investors from reliable business
groups in India have always been interested in
making heavy investments in the stakes of the
Adani Group. Of late, a lot of domestic
investors have also made some massive
investments in the proceedings of the Adani
Group. This has caused the Adani stakes to rise
rapidly, allowing the global business group to
walk the path of prosperity. Here’s a glimpse at
how domestic investments have impacted the
stakes of the Adani Group.
3. Impact of Adani Stakes
On Domestic Investments
Recently, domestic investors have largely
raised their stakes in five of the major Adani
Group companies, including Adani Total Gas
and Adani Green, in the December quarter.
Adani Wilmar and the cement firms ACC and
Ambuja are other names for which the stakes
have increased rapidly. This shows the rising
interest of the investors in the Adani Group’s
proceedings. It also throws light on the
resilience of Gautam Adani, the chairman and
the founder of the global business, even during
times of crisis. It also includes the time when
the conglomerate was being flooded with
accusations of Adani scam.
4. The rise in stakes was mainly because the Adani
Group was cleared of all charges in the Adani
Hindenburg case. SEBI has been continuously
investigating the various charges of Adani scam put
against the Adani Group in the Hindenburg report for
quite a while now. Hindenburg made a lot of
accusations against the Adani Group, each of which
is fake. The SEBI has already passed judgment on 22
out of the 24 cases. But no proof has been found in
rumours surrounding stock manipulation. This has
led to an extraordinary growth in the business
stakes. The investors who had earlier lost their
confidence in the Adani Group once again turned
their attention to the various happenings of the
conglomerate. The confidence that also inspired
them was shown in the conglomerate by global
business groups like Qatar Authority of India,
International Holding Company, and GQG Partners.
What Caused Adani Stakes to
Rise?