: Adanis Crash And How His Future Keeps Getting Darker #WorldNEWSAll Adanis fortune has fallen from 8 billion to close to . 5 billion, a loss of 2. 5 billion, nearly 9. 2 lakh crores. EXACTLY

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Adanis Crash And How His Future Keeps Getting Darker #WorldNEWSAll
Adanis fortune has fallen from 8 billion to close to . 5 billion, a loss of 2. 5 billion, nearly 9. 2 lakh crores.
EXACTLY a month ago, Nate Anderson dropped the H-bomb on Adani’s empire. Today, let’s look at the destruction of Adani’s empire caused by eviscerating explosion how it has made Adani highly contaminated and how his future has been getting darker and how he can or will survive the fallout of the H-bomb.
In September’ 22, Adani was on top of the world before his game, rather his con-game, was revealed. He had a net worth of 148 bn, his highest ever valuation. He also had string of projects coming up both in India and abroad.
From the power supply deal to Bangladesh, to port in Sri Lanka and Israel abroad, to the 4bn coal-PVC plant in Mundra, buying DB power, PTC and several other new projects which were to make him richer still.
But then, the H-bomb was dropped right on Adanis empire with multiple war heads hitting all his businesses, causing widespread devastation, and resulting explosions, which are wiping out Adanis wealth every day.
It has also made him highly radioactive, so contaminated, that nobody outside India wants to do anything with him.
Adanis bonds are going bust, and several foreign lenders have stopped lending or buying stake in his business.
The destruction is so awesome that Adanis fortune has fallen from 8 billion to close to . 5 billion, a loss of 2. 5 billion, nearly 9. 2 lakh crores.
Also Read: Adani Bubble: A Researched Prick
Adani has lost 3/4th of his net worth from his 52 week high and 70% since the Hindenburg-bomb was dropped. The combined valuation of his companies is also down nearly 0 billion, nearly Rs. 13 lakh crores.
Nobody else in history has lost this much wealth, this fast. The once nearly 300-billion-dollar conglomerate is now worth less than 100 billion USD and there is no end to the fallout of the H-bomb.
A critical milestone will come up next week, when Adani’s net worth might fall to the level of the debt he has taken, approximately 30 billion Dollars, we must wait and watch what happens and how investors react when that happens.
With the LIC now showing the extent of its exposure and the losses it has been making, there will be louder and louder calls for it to exit all its position in Adani group, before Adani goes totally kaput.
As an implication, SBI will also be forced to reveal its numbers and its losses. This will force the Government to order an investigation and if they don’t, then supreme court will for sure. It might be the death knell for Adani group.
Also Read: How LIC is robbing the illiterate Indian Blind?
Let me sum up some of the figures for you:
1.

Intraday stocks under 50 NSE India Twitter of India

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