When times change, indeed good effects do nt go your way. This is called trial by fire. The Adani Stocks have lost 70 Billion USD in the once week. The FPO going through was the only saving grace still with the decision to cancel the FPO, it changes everything. What the Adani group has done is the right thing to do basically, still this may end up in the stock crashing moment as well. The reason why they did it was simple. The FPO lower price was Rs 3112. The request price of the stock was Rs 2179. Had they gone ahead all investors would have been at a 30 loss. But a bigger problem would have been, if a large investor would have vended the shares, this would have crashed the stock poorly. The overall request cap loss would have been far advanced. Credit Suisse stopped accepting bonds of Adani group. This is a big reputational red flag. The Adani enterprises stock crashed26.7 history. One of its biggest day fall. Do nt be surprised if the stock falls again moment because of withrawal of FPO. A lot of the group shares are pledged. Adani power has25.01 per cent protagonist stake pledged in this company, valued at Rs,882 crore. In Adani Anchorages & SEZ, promoters have pledged17.31 per cent of their power in Adani Anchorages. The value of pledged stake stood at Rs,371 crore. In ACC promoters have pledged11.72 per cent protagonist stake. The value of its pledged shares came in at Rs,702 crore. In Adani Transmission, promoters have pledged their6.62 per cent equity stake in the company. The pledged stake valued stood at Rs,785 crore. In the case of Adani Enterprises, Promoters have pledged2.66 per cent of their power in the Adani Group's flagship establishment. The value of pledged stake stood at Rs,497 crore. In Adani Green Energy, protagonist pledge in this company stood at4.36 per cent. The value of pledged stake stood at Rs,818 crore. If the stocks falls below a lower threshold set by debtors they may each vend the stock. This could potentially be the worst case script for Adani group. I hope this doesn't be. But with all their stocks formerly falling around 50 this could be a high threat zone for them. If this happens the stock may crash indeed further. But more importantly the protagonist stakes will go down too. This is the worst case script. Please note Indian banks have a large exposure to Adani group companies, LIC also has0.975 of its total means under operation( AUM) in Adani stocks. Lets stay & watch to see what be. I'm not an investor in this stock
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