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Adani Group shares continue to fall, lose Rs 1.59 lakh crore

Shares of veteran industrialist Gautam Adani-led Adani Group continued to decline on Monday. This series started last Monday. Shares of 4 out of 6 listed companies of the group are trading with red mark. Lower circuit started in three companies as soon as the market opened. These include Adani Green Energy, Adani Total Gas and Adani Transmission. Adani Power’s stock is also down by 5.70 percent. On the other hand, the shares of Adani Enterprises and Adani Ports are trading with marginal gains.
Rs 1.59 lakh crore lost last week
Adani Group lost Rs 1,59,721 crore last week due to fall in shares. The market cap of Adani Group was Rs 9,50,000 crore as on June 11, which fell to Rs 7,90,279 crore on Friday. Due to this, the net worth of the group’s chairman Gautam Adani has also declined significantly and he has slipped to number three in the list of Asia’s rich.