BUSINESS

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BUSINESS

Gautam Adani's fortune grows by $5.6B

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Adani's net worth soars

Gautam Adani's net worth surged by $5.6 billion last week, reaching $65.8 billion, after group stocks rallied.

2

Supreme court verdict awaited

The Supreme Court hasn't given its final decision on the Adani Group's allegations, but investors see the court's comments as favorable. This positive outlook is driving the rise in Adani Group stocks.

3

BJP victory boosts shares

The Adani Group's shares also surged on Monday after BJP's electoral victories in Madhya Pradesh, Rajasthan and Chhattisgarh, with some stocks rising as high as 15%.

4

Adani secures $3.5B investments

Recently, the Adani Group secured a $3.5 billion refinancing and investments from GQG Partners and Qatar Investment Authority.

5

Partial recovery

Last week's gain only partially compensates for the wealth erosion Adani has experienced this year, with a loss of $55 billion.