India’s Adani shares nosedive as investors fret about Hindenburg fallout

NEW DELHIĀ  – Shares of Adani Group companies extended declines in Mumbai on Friday, with their market value now more than halved to less than $100 billion after a critical report by a U.S. short-seller last week sparked a market rout. Hindenburg Research questioned the Indian conglomerate’s debt levels and use of tax havens. Adani … Continue reading India’s Adani shares nosedive as investors fret about Hindenburg fallout