India's Adani Group has seen the market value of its listed companies fall below $100 billion as the conglomerate struggles to calm investor nerves in the wake of a bombshell short-seller's report.
The rout in Adani stocks continued to deepen Tuesday, even after Gautam Adani, the tycoon who spearheads the group,The Indian conglomerate's 10 listed companies — with businesses ranging from power, ports, transmission, gas, green energy, and food — now have a combined equity market value under $100 billion,Shares in Adani Enterprises dropped about 3.
The group's companies have collectively lost more than $136 billion in market capitalization since US short-seller Hindenburg Research
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