Fall in all shares of Adani Group, know what is the root cause

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Even on the first day of the week, shares of all the companies of Adani Group are falling rapidly. It is believed that there is a big reason behind this decline. Last week itself, SEBI has issued show cause notice to 6 companies of Adani. Adani has also been issued two show cause notices to Enterprises.

The Indian stock market has been working within a range for the last few days. No major decline has been seen in the stock market. However, these days the big company of Indian stock market, Adani Group, has been greatly affected. Shares of Adani Group are continuously falling. Quarterly results of many companies of Adani Group have also been revealed. According to these results, Adani Group companies have done good business. However, for the past few days, there has been a continuous decline in the shares of Adani Group.

Even on the first day of the week, shares of all the companies of Adani Group are falling rapidly. It is believed that there is a big reason behind this decline. Last week itself, SEBI has issued show cause notice to 6 companies of Adani. Adani has also been issued two show cause notices to Enterprises.

Ever since SEBI has given notice to Adani’s companies, there has been a decline in its shares. According to SEBI, the company has violated the rules regarding listing agreement and disclosure requirements. Due to violation of these rules, many Adani companies have received notices, which include Adani Ports and Special Economic Zone, Adani Power, Adani Energy Solutions, Adani Wilmar, Adani Total Gas.

SEBI has issued the notices after investigating the allegations made by Hindenburg Research against Adani Group. TV gave a notice stating that the company had not received the required approval. The partner company has also not shared necessary information in the financial statements. After the notice given by SEBI, changes are also being seen in the shares of Adani Group companies. Shares of Adani Group are seeing big ups and downs. Shares of Adani Enterprises have fallen by four percent. Adani Ports shares have also declined by four percent.

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