TODAY -
Adani Group Loses Rs 9,000 Crore in Market Value After Subramanian Swamy’s Tweet
Write Comment
E-Mail To a Friend
Facebook
Twitter 
Print Adani Group Loses Rs 9,000 Crore in Market Value After Subramanian Swamy’s Tweet
BJP MP Subramanian Swamy called Gautam Adani the ’biggest NPA trapeze artiste in PSUs’.
New Delhi: Shares of Adani Group companies on Wednesday plunged by up to eight per cent, wiping out over Rs 9,000 crore in market value, after BJP MP Subramanian Swamy called Gautam Adani the "biggest NPA trapeze artiste in PSUs".
Shares of Adani Transmission fell 7.72 per cent to close at Rs 179.85 on the BSE. Besides, Adani Enterprises plunged 7.24 per cent to settle at Rs 172.40. In addition, scrip of Adani Ports & SEZ tanked by 6.53 per cent to settle the day at Rs 377.45, while Adani Power declined 6.6 per cent to close at Rs 27.60.
Following the decline at the counters, the market capitalisation of the companies eroded by more than Rs 9,300 crore collectively.
In a tweet yesterday, Swamy said: "The biggest NPA trapeze artiste in PSUs is Gautam Adani. It is time he is made accountable or a PIL (public interest litigation) is inevitable".
"There are a number of things he is getting away with and nobody is questioning him. It may become an embarrassment for the government as he portrays himself as close to it," he claimed.
Reacting to Swamy’s comments, the Adani Group had issued a statement saying it has a history of implementing world-scale infrastructure projects within a short time and the lowest cost quartile.
"Capital intensive projects necessarily require debt capital," it said. "Given our rating track record, different sources of debt are available to the Group, ranging from international bonds, ECB loans, domestic bonds, loans from private sector as well as public sector banks in India.
"The singular critical test for debt is its regular servicing-something which the Adani Group has implemented diligently, since its inception," it had said.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
RELATED
Rozaricho Gaanch April, 2024 - Ester issue
Final Journey Of Theresa D’Souza (79 years) | LIVE From Kemmannu | Udupi |
Invest Smart and Earn Big!
Creating a World of Peaceful Stay!
For the Future Perfect Life that you Deserve! Contact : Rohan Corporation, Mangalore.
Final Journey Of Joe Victor Lewis (46 years) | LIVE From Kemmannu | Organ Donor | Udupi |
Milagres Cathedral, Kallianpur, Udupi - Parish Bulletin - Feb 2024 Issue
Easter Vigil 2024 | Holy Saturday | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Way Of Cross on Good Friday 2024 | Live From | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Good Friday 2024 | St. Theresa’s Church, Kemmannu | LIVE | Udupi
2 BHK Flat for sale on the 6th floor of Eden Heritage, Santhekatte, Kallianpur, Udupi
Maundy Thursday 2024 | LIVE From St. Theresa’s Church, Kemmannu | Udupi |
Kemmennu for sale 1 BHK 628 sqft, Air Conditioned flat
Symphony98 Releases Soul-Stirring Rendition of Lenten Hymn "Khursa Thain"
Palm Sunday 2024 at St. Theresa’s Church, Kemmannu | LIVE
Final Journey of Patrick Oliveira (83 years) || LIVE From Kemmannu
Carmel School Science Exhibition Day || Kmmannu Channel
Final Journey of Prakash Crasta | LIVE From Kemmannu || Kemmannu Channel
ಪ್ರಗತಿ ಮಹಿಳಾ ಮಹಾ ಸಂಘ | ಸ್ತ್ರೀಯಾಂಚ್ಯಾ ದಿಸಾಚೊ ಸಂಭ್ರಮ್ 2024 || ಸಾಸ್ತಾನ್ ಘಟಕ್
Valentine’s Day Special❤️||Multi-lingual Covers || Symphony98 From Kemmannu
Rozaricho Gaanch December 2023 issue, Mount Rosary Church Santhekatte Kallianpur, Udupi
An Ernest Appeal From Milagres Cathedral, Kallianpur, Diocese of Udupi
Diocese of Udupi - Uzvd Decennial Special Issue
Final Journey Of Canute Pinto (52 years) | LIVE From Mount Rosary Church | Kallianpura | Udupi
Earth Angels Anniversary | Comedy Show 2024 | Live From St. Theresa’s Church | Kemmannu | Udupi
Confraternity Sunday | St. Theresa’s Church, Kemmannu
Kemmannu Cricket Match 2024 | LIVE from Kemmannu
Naturya - Taste of Namma Udupi - Order NOW
New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link
Sponsored Albums
Exclusive
An Open ground ‘Way of the Cross’ observed in St. Theres’s Church, Kammannu. [Live-Streamed]
Udupi Bishop Most Rev. Gerald Issac Lobo Celebrates Palm Sunday at Kemmannu Church
The architect of various Churches, Schools, Hospitals and Colleges….. Msgr Denis Jerome D Souza.
Konknani Writers’ Association Literary Award Conferred on Dr. Gerald Pinto
Celebrating Love Across Languages: A Valentine’s Day Special
Udupi: Kemmannu.com Journo Richard D’Souza Felicitated by Paryaya Sri, Sri Sugunendra Tirtha Swamiji.
Let the unity of senior players be an example to the youth - Gautham Shetty - Alfred Crasto Felicitation - Match Livestream.
Bali, Indonesia: Royal Singaraja Award to Mangalorean NRI Philanthropist Dr. Frank Fernandes. [Video]
MTC - Milagres towards Community – An Outreach program on 14th December, 2023
