Hindenburg wind could not shake Adani, increased dominance in Israel, huge deal.
New Delhi: On the one hand, due to Hindenburg’s report, heavy selling continues in the shares of Adani Group. Due to the fall in the shares, the market cap of the company is falling. The net worth of Gautam Adani, the chairman of the company itself, fell to $74 billion. Gautam Adani is establishing his dominance in Israel amid the earthquake caused by the negative report of the American firm. Gautam Adani has acquired Haifa Port, Israel’s most famous port. Adani Group has acquired Israel’s strategically important Haifa Port for $1.2 billion. Israeli Prime Minister Benjamin Netanyahu said that this deal would prove to be a milestone for him. This deal is no less than a sanjeevani for Gautam Adani. Because this deal has happened at a time when Hindenburg’s report is being criticized all round. Let us tell you that Haifa port is the second largest port of Israel. About 100 years ago, Indian soldiers had freed the Haifa port from the shackles of the enemies.
Indian industrialist Gautam Adani-led Adani Group on Tuesday acquired Israel’s strategically important Haifa port for $1.2 billion. Under this deal, the Adani group will also set up an artificial intelligence (AI) lab in Tel Aviv. Adani signed an agreement to acquire the Haifa port in the presence of Israeli Prime Minister Benjamin Netanyahu and talked about investment opportunities. Shares of Adani Group have taken a drastic fall after the report of American investment research firm Hindenburg Research made serious allegations.
Describing the acquisition of the Haifa port as a “milestone”, Netanyahu said it would enhance connectivity between India and Israel through multiple channels. Haifa port is the second largest port in Israel in terms of cargo ships while the largest port in terms of tourist ships. Netanyahu said, “I think this is a milestone. For almost 100 years and during the First World War, Indian soldiers helped the city of Haifa to gain independence. Investors from the same India are helping to liberate the Haifa port.
Netanyahu said he has discussed with his “good friend” Prime Minister Narendra Modi the issue of building connectivity between the two countries through multiple channels. On this occasion, Adani said that his group would also develop a real estate project in Haifa. We are also in the process of setting up an AI lab in Tel Aviv, which will work in close collaboration with our new AI labs in India and the US, Adani said. The Adani Group has forged key partnerships over the past six years with companies such as Elbit Systems, Israel Weapon Systems and the Israel Innovation Authority.
