$65 Billion Of Value Wiped Off India’s Adani Group With Escalating Battle With US Short-Seller
The majority of Adani Group shares plunged on Monday as the Indian conglomerate’s response to criticism from a U.S. short-seller fell flat with investors, escalating a market meltdown that has already cost the company’s stock $65 billion in losses. The Indian business, led by Asia’s richest man Gautam Adani, has been at odds with Hindenburg…