ADANI GROUP’s problems are not ending, another big deal got out of hand amid heavy losses in shares

Adani Group: The troubles of India’s well-known businessman Gautam Adani are not taking the name of abatement. Troubles have been hovering over him ever since the Hindenburg report came out. On January 24, 2023, the American research firm Hindenburg published a report, after which Gautam Adani’s problems started.

Adani Group: The troubles of India’s well-known businessman Gautam Adani are not taking the name of abatement. Troubles have been hovering over him ever since the Hindenburg report came out. On January 24, 2023, a report was published by the American research firm Hindenburg, after which Gautam Adani’s problems are increasing. In the last few days, he is slowly slipping down from the list of the world’s rich. He has been out of the top 25 of this list and his net worth has been reduced to $ 42.7 billion, whereas on January 24, 2023, when the Hindenburg report came, he was at number four. Now even one of his deals has gone out of hand.

Birla Group ended the deal
Let us tell you that Gautam Adani’s net worth is continuously decreasing and many of his deals are going out of his hands. First he pulled out of deals with DB Power and PTC India and now one such deal which was on the verge of completion is also going to end. We are talking about Orient Cement, a company of Birla Group. According to the news, Birla Group’s company Orient Cement had signed a deal with Adani Power Maharashtra in September 2021, which has been scrapped. While ending this deal with Adani Group, it has been said on behalf of Birla Group that Adani Group has failed to get the necessary clearance for this deal.

Adani Group pulled back from these deals
Let us tell you that earlier this week Adani Group decided not to bid for stake in Power Trading Corporation Limited. Apart from this, some time ago he canceled the deal with DB Power worth more than 7000 crores.