As Adani-Hindenburg battle escalates, Adani firms lose $65 billion in value
Tue, Jan 31, 2023 6:56 AM

As Adani-Hindenburg battle escalates, Adani firms lose $65 billion in value

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Most Adani Group companies' stocks tanked yesterday as the Indian conglomerate's rebuttal of a U.S. short-seller's criticism failed to pacify investors. The Adani-Hindenburg battle led to a market rout causing $65 billion in losses in the group's stock values.  Adani Transmission, Adani Total Gas, Adani Green Energy, Adani Power and Adani Wilmar shares plunged between 5% and 20% on Jan 31.

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