Adani pulls back on grand ambitions After Hindenburg bombshell

Hindenburg Research's allegations of corporate fraud at the Adani group have led to a $125bn drop in market value for the Indian conglomerate. Now, group founder Gautam Adani's focus will target preventative measures aimed at building resilience to further market-related incidents, while avoiding funding via high-risk financing methods.

Mar 30, 2023 - 12:30
Adani pulls back on grand ambitions After Hindenburg bombshell
Hindenburg Research's allegations of corporate fraud at the Adani group have led to a $125bn drop in market value for the Indian conglomerate. Now, group founder Gautam Adani's focus will target preventative measures aimed at building resilience to further market-related incidents, while avoiding funding via high-risk financing methods.