Adani Power, Adani Enterprises, Adani Green, Adani Energy: Adani shares fell up to 6% today. Know why
Group flagship company Adani Enterprises fell 3.78 per cent to hit a low of Rs 3,041.15 on the BSE. Adani Power dropped to a low of Rs 685.20, or 5.67 percent. At Rs 1,180.10, Adani Energy Solutions saw a 6.41 percent decline. At Rs 1,510.15, Adani Ports saw a 4.89 percent decline.
Shares of Adani Group companies such as Adani Enterprises Ltd, Adani Green Energy Ltd, Adani Energy Solutions Ltd, Adani Power and Adani Total Gas Ltd fell up to 6 per cent in Monday’s trade amid a global stock market sell-off and Bloomberg Television’s ‘Inside Adani’ report that Adani Group chairman Gautam Adani plans to step down at the age of 70 and hand over control to his successors in the early 2030s. Business Today could not independently confirm the report.
Group flagship company Adani Enterprises fell 3.78 per cent to a low of ₹ 3,041.15 on the BSE. Adani Power fell 5.67 per cent to a low of ₹ 685.20. Adani Energy Solutions fell 6.41 per cent to ₹ 1,180.10. Adani Ports fell 4.89 per cent to Rs 1,510.15.
Adani Green Energy fell 4.77 per cent to Rs 1,790.70, Adani Total Gas fell 4.43 per cent to Rs 868.20, ACC fell 2.2 per cent to Rs 2,381.80 and Ambuja Cements fell 2.01 per cent to Rs 637.75. Shares of NDTV fell 2.45 per cent to Rs 213. Adani Wilmar was the onlyThe stock of the Adani Group saw positive trading. At Rs 388.25, it was up 1.37%. In his 16th-floor office at the group’s Ahmedabad headquarters, Gautam, 62, stated, “Succession is very important for the sustainability of the business.” According to Bloomberg, he stated, “I left this choice to the second generation because the change must be organic, gradual, and very systematic.”
