Business News :  Shares of eight out of 10 listed companies of Adani Group closed with a decline on Monday. Amidst this decline, Adani Group companies' market valuation (market cap) of Adani Group companies decreased by Rs 22,064 crore overall. The total market capitalization of the group's companies is Rs 17 lakh crore. According to Bhasha news, American research and investment firm Hindenburg Research has made several allegations against the Adani Group and market regulator SEBI chief Madhavi Puri Buch in a report released on Saturday.

Shares of these companies fell

According to the news, due to this report's impact, the group companies' shares were trading with a decline in the initial trade. But after some time, the decline reduced to a great extent. At the end of trading on the Bombay Stock Exchange (BSE), Adani Wilmar's share fell by 4.14 per cent, Adani Total Gas by 3.88 per cent, Adani Energy Solutions by 3.70 per cent, NDTV by 3.08 per cent, Adani Ports by 2.02 per cent, Adani Enterprises by 1.09 per cent, ACC by 0.97 per cent and Adani Power by 0.65 per cent.

Shares of these two companies rose.

Shares of Adani Group company Ambuja Cements closed up 0.55 per cent, and Adani Green Energy closed up 0.22 per cent. At one point during trading, shares of Adani Energy Solutions fell 17 per cent, Adani Total Gas 13.39 per cent, NDTV 11 per cent and Adani Power 10.94 per cent. Shares of Adani Green Energy fell 6.96 per cent, Adani Wilmar 6.49 per cent, Adani Enterprises 5.43 per cent, Adani Ports 4.95 per cent, Ambuja Cements 2.53 per cent and ACC 2.42 per cent.

The Hindenburg Report had a strong impact.

According to Bhasha news, Hindenburg has said in its report that Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and her husband, Dhabal Buch, had made undeclared investments in obscure foreign funds in Bermuda and Mauritius. It said that these are the same funds that Vinod Adani allegedly used to embezzle money and increase the share prices of the group's companies. Vinod Adani is the elder brother of Adani Group Chairperson Gautam Adani. The Adani Group has denied any commercial transactions with the SEBI chief.