Six Mauritius-based funds, that have invested most of their money in Adani Group firms, were frozen in 2016
In the past 5 trading sessions, the Adani Group's market cap fell by Rs 1.58 lakh crore or 16.72% from Rs 9.5 lakh crore on to Rs 7.91 lakh crore
With a total net worth of $71.5 billion, Gautam Adani is the second-richest individual in the country after RIL's Mukesh Ambani
Adani Power's total income rose to Rs 6,902.01 crore in the quarter from Rs 6,327.57 crore in the same period a year ago
Adani group’s market capitalization tanked by Rs 94,000 crore taking it out of market cap $100 billion market-cap club. Group's market cap added up
On BSE,1575 shares were trading in green, 558 were trading in red and 89 were unchanged.
Power stocks were trading with gains, with the S&P BSE Power index rising 29.09 points or 1.15% at 2559.25 at 09:49 IST.
Experts believe the spate of acquisitions across verticals has led to this metaphoric rise
Power stocks were trading in the positive zone, with the S&P BSE Power index rising 27.93 points or 1.19% at 2369.75 at 09:48 IST.