Gautam Adani’s companies suffers Rs 1.85 lakh crore loss on Budget day, Adani slips to 15th in global rich list

New Delhi: Even though the stock market has seen a bumper boom due to budget 2023 announcements today, the shares of Adani Group were again beaten today.

After the closure of the FPO, the shares of Adani Enterprises saw the biggest decline today and the market cap of the company fell by more than Rs 96, 000 crore. 
At the same time, Adani’s port shares have seen a decline of 20 percent. The market cap of 9 listed companies of the Adani Group has cleared Rs 1.85 lakh crore.
Shares of Adani Enterprises fell 28.45 per cent today and closed at Rs 2128.70 with a loss of Rs 846.30. Due to which the company’s market cap decreased by Rs 96,478.29 crore.
The company’s market cap was Rs 3,39,150.33 crore a day ago, which came down to Rs 2,42,672.04 crore today.
Shares of Adani Port and SEZ fell by Rs 120.65, or about 20 per cent, to close at Rs 492.15. Due to which the company’s market cap decreased by Rs 26,062.07 crore. A day earlier, the company’s market cap was Rs 1,32,373.31 crore, which came down to Rs 1,06,311.24 crore.
Meanwhile, Gautam Adani has slipped to 15th in global rich list today. He was earlier on third spot and now Mukesh Ambani has become India’s richest man.