On the final trading day of last week, the Adani Group received some good news. Adani Green Energy Ltd has been taken off the S&P’s watchlist. Also, the corporation has a BB+ rating from the rating agency. The stress among Adani Green investors may be eased by this announcement, it is thought. Nevertheless, where A month ago, Gautam Adani was listed as the third richest person in the world. However, following the scathing report from the US company Hindenburg Research, shares of the group he leads saw such a significant decline that he is currently ranked 30th on the list of the richest people. With the release of the Hindenburg report, Adani Green’s stock has significantly declined. The organisation updated its standards for grading project financing transactions on December 14 of last year.

In the past month, there has been a significant sell-off in Adani Group shares. Data reveal that throughout this time, the overall market value of the ten Adani Group Businesses has fallen by a staggering Rs. 12.06 Lakh Crores. If Gautam Adani were to invest in individual capital, their worth would be less than $40 billion, down from a high of $120 billion. Hence, according to his estimation of $80 billion, there has been a two-thirds decrease. With a net worth of $81.7 billion.