stock market | Hindenburg’s Adani meltdown: Who is responsible for the loss of 48 lakh investors?

Mumbai: American short seller i.e. bearish firm Hindenburg (Hindenburg Research) released a report 4 months ago accusing India’s Adani Group of rigging, which conspired to decelerate the Indian Stock Market. , That was an extremely heinous act. Later it also became clear that George Soros, one of the world’s biggest bullies, also had a big role in this conspiracy. After the report of the Supreme Court Committee in this whole episode, it is now clear that Hindenburg’s allegations were baseless and motivated by selfishness. Another proof of Hindenburg’s bad intentions and conspiracy to tarnish the image of the Indian industrial group is that in the last 4 months, scams of many American banks were exposed one after the other and many drowned, but Hindenburg did not give any money to any of his country (America). Also did not make a single report on the rigging or scam of the bank. Adani Group suffered a huge loss in this recession, as well as its 48 lakh investors suffered a huge loss of about Rs 3.40 trillion. Not only this, due to this recession, the entire Indian market came under the grip of recession and there was a huge loss of more than 20 trillion rupees in the total market cap of BSE. Now the big question is who is responsible for this huge loss of more than 23 trillion rupees and who will compensate for it? It is difficult to compensate for the loss of common investors, before the release of the Hindenburg report, the total market cap of Adani Group was Rs 19.20 trillion on January 24, 2023, which decreased to Rs 7.90 trillion on March 2 due to this conspiracy. That is, there was a huge loss of Rs 11.33 trillion in total. The Adani family’s stake in the group’s 10 listed companies ranges from 57% to 75%. The rest is held by retail investors and institutional investors. Investment in institutional investors is also done by common investors. If the average stake of common investors is estimated at 30%, then out of the total loss of Rs 11.33 trillion, a huge loss of Rs 3.40 trillion was suffered by Adani’s 48 lakh investors. Many investors panicked and sold shares at huge losses. Now it is difficult to recover their loss. Some similar conspiracy of recession was hatched in the Indian market earlier also. In 2001, by releasing the Tehelka tapes in the middle of the budget session, by taking illegal advantage of the loopholes in the law and regulations, i.e. by short selling, a recession was created, due to which there was a severe recession and billions of rupees were looted from lakhs of investors. By the way, this time ‘SEBI’ (SEBI) took immediate concrete steps, due to which there was not much recession in the market. Investors’ confidence in Adani increased though now with the Supreme Court committee report coming out, most of the group companies declaring good results with good growth in turnover and profits and debt reduction by the group to restore investor confidence Due to taking several important steps, Adani’s shares have started rising again. Due to this, the market cap has increased again to close to Rs 11 trillion. The Supreme Court committee has said that it has not found any evidence of rigging in Adani Group’s share prices. Also, SEBI has found nothing in a separate investigation into the alleged violations in the investment of foreign companies in Adani Group companies. Despite all the allegations, the confidence of Indian and foreign investors towards Adani Group has increased. Due to this, now the number of investors of the group has increased by 23 lakhs to more than 71 lakhs, which was 48 lakhs before the recession. LIC’s investment value increased to Rs 45,000 crore Major insurance company LIC’s investment in Adani’s 7 companies has also increased to Rs 45,000 crore. While the original investment of LIC is Rs 30,127 crore, the value of which reached Rs 82,000 crore in December 2022. But after the recession, it came down to just Rs 27,000 crore in February 2023. Although now the profit has started increasing again, but the political parties did not even worry about the loss of LIC. While the loss of LIC is also the loss of the general public because LIC is a public undertaking. Also read: How long will you keep the sword hanging only on the basis of doubt?: J. N. Gupta, former Executive Director of SEBI and Managing Director of Stakeholders Empowerment Services J. N. Gupta (JN Gupta) says that this whole matter was raised on the basis of doubt and there is no cure for doubt. Some foreigner made allegations on the basis of suspicion for his personal interest and political parties made the matter a mole tree. It is a matter of great regret that in this whole episode you have ignored the words of the heads of LIC and SBI, which are responsible big financial institutions of the country, and have given attention to the statements of selfish foreigners. This means that those who supported the Hindenburg report were either idiots or had a special agenda of their own. The sad thing is that in this episode the interests of lakhs of Indian investors were sacrificed to the conspiracy. Now the important fact is that the law cannot run on the basis of suspicion or doubt. How long can a sword be kept hanging on someone’s neck only on the basis of suspicion? While the interests of lakhs of investors are involved in this matter. That’s why the Supreme Court and the government should dispose of this matter forcefully on the basis of mere suspicion as soon as possible in the interest of the country and the public. Along with this, concrete steps should also be taken to ensure that no one can play with the interests of common investors in future just on the basis of suspicion. What kind of politics is this to play with the interests of investors?: G. Rajaraman, senior journalist and capital market expert G. Rajaraman (G. Rajaraman) says that apparently the report of the Supreme Court appointed committee has powerfully ‘defused’ all the explosives that were waiting impatiently to bring down the Adani Group. But it is unfortunate that lakhs of investors have suffered heavy losses due to such acts. Political parties termed the allegations of foreign short seller Hindenburg as a scam, while Adani has neither drowned any investor’s money nor defaulted a single rupee of any bank till date. On the contrary, in the past years, millions of investors have created their wealth by giving substantial benefits. Then how can this be considered a scam. What kind of politics is this to play with the interests of common investors?