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Friday, April 26, 2024

Adani market cap plunge deepens to nearly $72 billion even after the conglomerate issued a 413-page rebuttal to short-seller Hindenburg

Indian conglomerate Adani Group has lost nearly $72 billion in market value over just three days as a public spat between Asia’s richest man and a short-seller escalates, according to Bloomberg. Shares in nearly all of the company’s listed businesses – founded by Gautam Adani – tumbled Monday even …

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