on outstanding U.S. dollar-denominated bonds on Thursday, Reuters reported citing sources.
In New Delhi, opposition lawmakers submitted notices in parliament demanding discussion of the short-seller's report. The cancelled fundraising was critical for Adani, which had said it would use $1.33 billion to fund green hydrogen projects, airports facilities and greenfield expressways, and $508 million to repay debt at some units.
The Adani Group has denied the accusations, saying the allegation of stock manipulation had "no basis" and stemmed from an ignorance of Indian law. It said it has always made the necessary regulatory disclosures.
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Adani market losses snowball to $100 bln on shelved share saleIndia's Adani group shares sank on Thursday after market turmoil forced the conglomerate to axe a crucial $2.5 billion stock offer, deepening its market losses to more than $100 billion and sparking worries about the potential systemic impact.
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