Wednesday, 24 April 2024

 

 

LATEST NEWS A big jolt to the BJP in Jalandhar! Young leader Robin Sampla joins the AAP Aam Aadmi Party thanks the court for the order to form a panel of AIIMS doctors for Arvind Kejriwal's health check-ups In Haryana, notification for the Lok Sabha elections will be issued on April 29 : Anurag Agarwal ‘Voter-in-Queue’ App to provide information on queues at polling centers - Anurag Agarwal Will Quit Politics If Aap Secures 13 Seats In Punjab : Amarinder Singh Raja Warring CGC Landran sets up IPR cell VIT-AP University Honoured with Prestigious CSR Outstanding University in Education Excellence Award for 2024 DC Aashika Jain Reviews the Checks imposed on the sale, supply and stock of Methanol/Industrial Spirit and Distilleries/Bottling Plants/ENA/Liquor Vends in the District BJP's good days became a dream, now Congress will bring happy days - Gurjit Aujla Two independents file nomination papers for 02-Srinagar Lok Sabha Seat Returning Officer Jammu PC assesses election preparedness ahead of polling CS assesses progress on development of youth Employment & Skilling portal Shinda Shinda No Papa: Gippy Grewal And Shinda Grewal Steal The Show In Hilarious Trailer Lt Governor conducts on-site inspection of SASB’s Office & Yatri Niwas at Pantha Chowk Lt Governor meets family members of the victims of Srinagar Boat Tragedy Lok Sabha Elections 2024 : DEO Reasi assesses election related arrangements in Mahore Lok Sabha Elections 2024 : General, Police Observers for Anantnag-Rajouri PC visit Shopian Arrangements for annual Kheer Bhawani Mela reviewed at Ganderbal Dish TV Revolutionizes Entertainment with ‘Dish TV Smart+’ Services Kia unveils unique camouflage for its first-ever Tasman pickup truck What Prime Minister Shri Narendra Modi has done for the country, no one else could have done," -Anil Vij

 

Shares of Adani Group companies tank on BJP leader's remark

Listen to this article

Web Admin

Web Admin

5 Dariya News

Mumbai , 07 Mar 2018

A day after senior BJP leader Subramanian Swamy's remark on Gautam Adani and his companies, stocks of Adani Group companies tumbled almost seven per cent on the domestic bourses on Wednesday.BJP MP Swamy on Tuesday dropped a bad loan bombshell on industrialist Gautam Adani, calling him the "biggest NPA trapeze artiste in PSUs".During Wednesday's trade session, Adani Enterprises' stocks plunged by 7.24 per cent to Rs 172.40, while those of Adani Ports (and special economic zone) slipped by 6.53 per cent to Rs 377.45 per share.In addition, scrips of Adani Power and Adani Transmission declined by 6.60 per cent and 7.67 per cent, respectively."Adani group stocks extended its fall after BJP MP Subramanian Swamy on Tuesday called industrialist Gautam Adani the "biggest NPA (non-performing asset) trapeze artiste in PSUs," said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.In a widely commented and shared tweet, Swamy on Tuesday said Adani -- believed to be close to Prime Minister Narendra Modi -- should be made accountable or he would file a Public Interest Litigation (PIL) in the court for recovery of bank loans from him.However, the same day, the Adani group clarified that it had diligently and regularly serviced all its debt, saying: "The singular critical test for debt is its regular servicing -- something which the Adani Group has implemented diligently, since its inception."In an official statement, the company clarified that the group's dependence on public sector banks for long-term borrowings was less than 50 per cent at about Rs 34,000 crore and it is regularly serviced.

 

Tags: Subramanian Swamy

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD