Shares of companies linked to Indian conglomerate Adani Group were clawing back territory on Wednesday after a rough couple of weeks as some units unveiled plans to repay its debt.
It... Shares of companies linked to Indian conglomerate Adani Group were clawing back territory on Wednesday after a rough couple of weeks as some units unveiled plans to repay its debt. It comes as Adani Ports mulls plans to repay debt amounting to 50 billion rupees over the next financial year.
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Indian shares rise after RBI rate hike; Adani stocks jumpIndian shares held steady on Wednesday after the Reserve Bank of India delivered a smaller interest rate hike as widely expected, while embattled Adani Group shares recouped losses for a second straight day.
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Adani group shares rally after $113 billion market wipeoutAdani group shares surged on Tuesday, a day after it moved to prepay some loans, in a relief rally for the Indian conglomerate that lost more than $113 billion in market value in two weeks since a U.S. short-seller's critical report was published. 😃
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Adani group stocks surge after $113 billion market wipeoutShares in India's Adani Group rallied on Tuesday a day after it prepaid some loans, bringing relief to investors that have seen $113.6 billion wiped off the conglomerate's market value since a U.S. short-seller published a critical report two weeks ago. HindutvaTerrorism
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