The stocks of companies under the Gautam Adani-led group soared on Tuesday as investor confidence was bolstered by a media report stating that the US government did not find short-seller Hindenburg Research’s allegations of corporate fraud against the conglomerate relevant before extending a $553 million loan for a container terminal in Sri Lanka. Another key trigger was Adani Green Energy securing a $1.36 billion loan from a consortium of eight international banks.
