Gautam Adani maps comeback strategy after $132 billion Hindenburg rout

Gautam Adani maps comeback strategy after $132 billion Hindenburg rout

MUMBAI: Almost a month after a bombshell short seller report lopped off $132 billion in market value from Gautam Adani’s empire, the Indian billionaire has hired top-shelf US crisis communication and legal teams, scrapped a $850 million coal plant purchase, reined in expenses, repaid some debt and promises to repay more.The ports-to-power conglomerate helmed by […]

Adani Group’s loss swells to $65 billion; Hindenburg responds to charges

Adani Group’s loss swells to $65 billion; Hindenburg responds to charges

Shares of Adani Group companies remained under pressure for the third straight session on Monday with majority of them witnessing a crash yet again.The deepening market rout has now led to losses worth $65 billion in the group’s stock values, according to a Reuters report.The current round of fall follows a report by Hindenburg Research […]