For some time, a lot of decline was seen in the stock of Adani Group. We all know the reason for this, the downfall of Adani Group started as soon as the Hindenburg report came. But Adani Group is a very big company. Recently, a report has come from Adani Group that Adani Group is going to invest $3 billion in Vietnam.
Adani Group wants to invest in Vietnam’s renewable resources and solar power energy. This news has been given by the government of Vietnam. Prime Minister of Vietnam Pham Minh Chinh met Karan Adani, CEO of Adani Group and this big deal was done between them.
Adani Group Plans To Invest $3 Billion In Vietnam
The downfall was going on in the shares of Adani Group for a long time. But recently Adani Group has announced an investment of $3 billion. This investment will be in Vietnam. Karan Adani, CEO of Adani Group met the Prime Minister of Vietnam and gave a statement regarding this investment.
Adani Group will invest in renewable resources and solar power energy in Vietnam. Karan Adani said, “Adani Group is a very big company that has a significant contribution to the economy of India. He said that “Adani Group is contributing in multiple fields in India like seaport, transportation, logistics, renewable energy, and digital technology.
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Why Adani Group Share Fall
We all know Gautam Adani was one of the richest men in India till last year. But ever since the Hindenburg report came, the downfall of the Adani Group started from that time itself.
Hindenburg’s report is the biggest reason for the downfall of the Adani Group. On May 24, Adani Group’s stock saw a decline of 2.13 percent.
Fundamentals Of Adani Group Share
- Share Price: Rs 2537
- Market Cap: 289,269 Crore
- Book Value: 237.72
- Face Value: 1
- Dividend Yield: 0.05