According to people in the know, promoter entities of Adani Group companies had an overall exposure of close to ₹15,000 crore ($1.83 billion) in margin-linked loans. Additional pledges were created, following the decline in Adani Group companies’ share prices due to the Hindenburg Research report.
Uflex shares surge 16% after Q1 profit zooms 630% YoY
Uflex shares rallied after the company reported a 630% YoY jump in Q1 FY27 net profit to Rs 423.3 crore. Revenue grew 38% to Rs