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Adani Loses $4 Billion As Questions About His Company’s Loan Repayments Trigger Stock Sell-Off

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Reports published in the Indian media on Tuesday raised fresh questions about Adani Group’s debt.

Shares of Adani Group’s listed firms were hit by a sell-off Tuesday after Indian media reports raised questions about the conglomerate’s debt repayment claims, resuming a fall in the group’s stock prices that began in January following short seller Hindenburg

Group scathing report accusing the group of fraud and stock manipulation.... [+]Shares of the conglomerate’s flagship firm Adani Enterprises were down around 7% in late afternoon trading local time, while shares of the group’s other listed firms slumped around 5%.

 

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