The Adani conglomerate has been embroiled in controversy following the release of the Hindenburg report. Shares of Adani Udyog Group fell sharply after this report. Meanwhile, now the Adani group has received an even bigger shock. The State Excise and Taxation Department has raided some industrial establishments of the Adani Group during the ongoing cement crisis in Himachal Pradesh.
The teams raided Adani Wilmar Group stores in Himachal Pradesh on Wednesday. A team of the South Enforcement Zone of the Excise Department visited the Adani store in Parwanu on Wednesday evening and checked the records of the Adani group.
The Adani Group has been in for a major shock since the Hindenburg report came out. Shares of Adani Group have fallen sharply. But on Wednesday, there was some increase in the share of Adhani Group. On the one hand, while the opposition parties are aggressive on the issue of Adani, now in Himachal Pradesh, action has been taken against Adani Group stores.