Indian watchdog probes short-seller's allegations about Adani

Indian watchdog probes short-seller’s allegations about Adani

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Led by billionaire Gautam Adani, the Adani Group’s seven listed companies have together lost nearly $120 billion in market value since the critical Hindenburg report that included allegations of stock manipulation and improper use of offshore tax havens, Adani The group has denied the allegations.

Earlier on Monday, India’s Adani Group sought to reassure investors, saying its business plans are fully funded, its cashflows are strong and it is confident of delivering attractive returns to shareholders.

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