Two large companies that are a part of the troubled Adani Group in India are more likely to repay their short-term commercial paper (CP) debt as it comes due over the course of the next few months rather than rolling them over.

The combined market capitalization of all ten Adani stocks has decreased by approximately 55% since January 24, when the Hindenburg report made a number of damaging claims against the Adani Group. As a result, investors have lost Rs 10,50,700 crore. The loss in market capitalization today amounts to approximately Rs 30,000 crore.

Adani Group stock prices have recently taken a nose-dive, with all 10 stocks trading with a negative bias and most locked in their lower circuit limits. This selloff in Adani stocks deepened as MSCI reduced the number of shares it considers freely tradable in the public market.

adani enterprises

Some Adani company shares had rebounded this week but tumbled again after the MSCI announcement, with the group's flagship Adani Enterprises hitting a low of 1676, down 2.4%. The Adani Group has denied any wrongdoing and the Supreme Court has sought the Securities and Exchange Board of India's (SEBI) response to the PILs accusing the regulator of inaction in regulating the share markets.

This has caused the market value of all Adani Group stocks to fall by nearly half since the Hindenburg Research report and has also prompted the National Stock Exchange (NSE) to remove two Adani Group stocks- APSEZ and Ambuja Cements- from its short-term Additional Surveillance Measure (ASM) framework.