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Adani Green Energy shares slipped 13.36% to Rs 1645 in early deals today against the previous close of Rs 1898.75 on BSE. Market cap of Adani Green Energy fell to Rs 24.88 crore.
(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniA Spike in Heart Disease Deaths Since Covid Is Puzzling ScientistsFreddie Mercury’s London Residence Lists at £30 MillionJacob Rothschild, Financier and Philanthropist, Dies at 87Adani Group mandated banks to sell ro
Get latest articles and stories on Business at LatestLY. Moody's Investors Service has affirmed the ratings on eight Adani Group companies. It changed the outlook on four of the Group companies to stable from negative and maintained the stable outlook on the other four companies. Business News | Moody's Upgrades Rating on Four Adani Group Companies.
The four companies which have seen their rating outlook changed to stable from negative are Adani Green Energy Limited, Adani Green Energy Restricted Group 1, Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited.
Adani group companies have lost USD 100 billion in market value since the US short-seller Hindenburg Research came out with a damning report alleging fraud at the conglomerate helmed by Gautam Adani.