Following bribery allegations against Ad. Group Chairman Gayutam Ad. and other senior officials, rating agency Moody’s on Thursday said such allegations are negative for the group comp.es.
“When we assess Ad. Group, we pay particular attention to the capital capacity of group comp.es to meet liquidity needs and their governance practices,” Moody’s said in a statement.
Ad. Group Chairman Gautam Ad. has been accused of alleged bribery and fraud worth $265 million in the US.
Prosecutors in the United States have alleged that Ad., his nephew Sagar Ad., and six other defendants bribed Indian government officials to secure solar energy supply contracts that were expected to yield $2 billion in profits over twenty years .
Meanwhile, Ad. Bull GQG Partners said it is reviewing the emerging details and will take appropriate action for the portfolio.
Following portfolio construction guidelines, GQG Portfolio makes diversified investments. Following Ad. Group’s report, GQG’s share price fell 26 percent in Australia, where it is listed.
Difference in shares of group comp.es up to 23%
Investors’ confidence has once again been shaken due to Ad. Group being embroiled in another controversy.
– Market cap of 10 comp.es of the group. Rs 2,20,000 crore washed away in one day
Gautam Ad., along with his nephew Sagar Ad., was convicted by a US court on charges of alleged bribery and fraud against six members of the group, which once again dented investor confidence in shares of Ad. group comp.es.
The crisis of confidence in Ad. Group comp.es at the time of allegations made earlier by the famous American investment research company Hindenburg increased the selling pressure on the shares, which once again affected the shares today. Today, the share prices of Ad. Group comp.es have fallen by 23 percent in a single day. Shares of Ad. Enterprises fell 22.61 percent to Rs 2182.55 from Rs 2820.20. The total market capitalization of 10 comp.es of Ad. Group has declined by Rs 2,19,863 crore to Rs 12,04,555 crore today.
Which was Rs 14,24,418 crore on 19 November 2024. In which the biggest shortfall of Rs 69,597 crore has been recorded in Ad. Enterprises.
Universal gap in Ad. Group shares: Most of Ad. entered. 638 rupees broken
Company Name
closing price of shares
closing price of shares
How many cuts, how many cuts
,
19, November. , 2024
21, November. 2024
(in rupees) (in percentage)
Ad. Enter.
Rs 2820.20
Rs 2182.55
– Rs.637.65 22.61%
Ad. Port
Rs 1289.05
Rs 1114.70
– Rs.174.35 13.53%
Ad. Power
Rs 524.10
Rs 476.15
-Rs.47.95 9.15%
Ad. Engineering
Rs 872.10
Rs 697.70
-Rs.174.40 20.00%
Ad. Green
Rs 1411.75
Rs 1146.40
– Rs.265.35 18.90%
Ad. Total
Rs 672.25
Rs 602.35
– Rupee. 69.90 10.40%
Ad. Wilmar
Rs 327.10
Rs 294.45
-Rs.32.65 9.98%
ACC Ltd.
Rs 2185.05
Rs 2025.80
– Rs.159.25 7.29%
Ambuja Cement
Rs 549.60
Rs 483.75
– Rs.65.85 11.98%
NDTV Ltd.
Rs 169.35
Rs 169.25
-Rs.0.10 0.06%
Market cap of 10 comp.es of Ad. Group lost Rs 2.20 lakh crore in a single day.
Company Name
market cap.
market cap.
how much is missing
,
19, November
21, November
(in crore rupees)
Ad. Enterprises
Rs 3, 21, 503
Rs.2,51,906
-69,597
Ad. Port SEZ
Rs 2,78,453
Rs.2,40,791
-37,662
Ad. Power Limited
Rs 2, 02, 142
Rs 1,83,648
-18,494
Ad. Eng Sol.
Rs 1,04,764
Rs 83,813
-20,951
Ad. Green Eng
Rs 2, 23, 626
Rs 1,81,594
-42,032
Ad. Total Gas
Rs 73,935
Rs 66,247
-7688
Ad. Wilmar Limited
Rs 42,572
Rs 38,269
-4303
ACC Limited
Rs.41,032
Rs 38,042
-2990
Ambuja Cements
Rs 1, 35, 300
Rs 1, 19, 154
-16, 146
NDTV Ltd.
Rs 1091.82
Rs 1091.18
-0.64
Total market cap.
Rs 14, 24, 418
Rs 12, 04, 555
-2,19,863
LIC’s investment value in Ad. Group shares has declined by Rs 8683 crore.
Shares of Life Insurance Corporation of India (LIC), the state-owned insurance company that holds shares in seven Ad. Group comp.es, fell today-Thursday after a US court convicted Chairman Gautam Ad. and several others in a $250 million bribery case. Prices fell in a single day, holding value decreased by Rs 8683 crore
LIC has stakes in Ad. Enterprises, Ad. Ports and Special Economic Zone (APSEZ), Ad. Green Energy Solutions, Ad. Total Gas, ACC and Ambuja Cements. Ad. Enterprises, the group’s flagship company, has suffered the most loss. Because the total loss in 4,64,52,613 shares is Rs 2962 crore. The share has fallen 23 percent or Rs 637.65 to Rs 2182.55.
Apart from this, Ad. Ports is at second position. In which the investment value of LIC has decreased by Rs 2959 crore. The share has fallen 13.53 percent from Rs 174.35. As per the latest shareholding data available on BSE, LIC holds 7.86% stake of 16,97,11,417 shares. LIC’s stake in Ad. Green NG has reduced by Rs 570 crore. Ad. NG Solutions, Ad. Total Gas, ACC and Ambuja Cements also saw a decline in the holding value of Rs 716 crore, Rs 463 crore, Rs 191 crore and Rs 822 crore, respectively.
Mister Ad. Group Company. What is the value of the fund’s holdings?
Company Name
Mu. of funds
of active funds
(in crore rupees)
total holding
holding
Ad. Ports
Rs 12, 102
Rs 5308
Ambuja Cements
Rs 10,689
10, 100 rupees
Ad. Enter.
Rs 8714
Rs 5988
ACC Limited
Rs 6650
Rs 6587
Ad. Power
Rs 3388
Rs 3116
Ad. Eng Sol
Rs 1543
Rs 1384
Ad. Green Eng
Rs 252
Rs 0
Ad. Total Gas
Rs 94
Rs 0
Ad. Wilmar
18
Rs 0
Sanghi Industries
6 rupees
in 4,
Mu. The funds’ stake in 10 comp.es of Ad. Group is Rs 43,455 crore.
The value of mutual fund holdings held by various investors also declined due to differences in the shares of Ad. group comp.es following the US court’s bribery and fraud case against Gautam Ad., Sagar Ad. and six others today. As a result, the NAV-net asset value of these mutual funds has also been negatively impacted.
As of October 31, 2024, the Indian mutual fund industry’s total stake in the 10 Ad. Group comp.es stood at Rs 43,455 crore. The figures of how much the holding value of mutual funds has decreased will be available on November 22. Indian asset management comp.es (AMCs) have the largest stake in 10 listed comp.es except Ad. Gru, according to data from mutual fund research company Value Research. The value of mutual funds’ stake in comp.es was Rs 41,814 crore in July, which increased to Rs 43,455 crore in October.
