Adani Group recovers from slump

The Adani Group raised Rs 1.25 lakh crore through equity and debt last year after the Hindenburg Report came out.

Adani group

How much debt has Adani repaid

On January 24 last year, Hindenburg had stated in its report that the Adani Group had mishandled the market and there were frauds in its accounts.

Consequently, the market value of Adani Group companies saw a steep decline. But it quickly recovered from that impact and raised Rs 41,500 crore through equity and Rs 83,500 crore through debt.

Adani, which was the world's second richest man at the beginning of last year, lost Rs 5 lakh crore in its assets due to the impact of the Hindenburg report.

However, it has now regained much of its lost value.

Between March and August last year, famous investor 'G.Q. G. Partners' has acquired stakes worth Rs 36,000 crore in five Adani Group companies.

Also, Qatar Investment Agency and Total-Energies have invested Rs 6,400 crore in Adani Green Energy.

Apart from this, the group's founders invested Rs 38,200 crore for green investments, debt against equity and repayment of loans taken to acquire cement companies.

Also, it raised Rs 53,200 crore from five companies through loans and got refinancing facility of Rs 29,100 crore.

3,600 crore for 'Chungi Cement'; 1,485 crore for Karaikal Ma port; It also acquired Coastal Energy for Rs 3,500 crore.

It also invested Rs 1,100 crore in shares of Indian Oil Tanking.

However, the Adani Group's market capitalization is currently 25 percent lower than the pre-Hindenburg report of Rs 19.23 lakh crore.

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