{"id":551169,"date":"2023-01-31T09:27:03","date_gmt":"2023-01-31T03:57:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551169"},"modified":"2023-01-31T10:12:12","modified_gmt":"2023-01-31T04:42:12","slug":"adani-groups-market-rout-hits-72-bn-as-fight-with-hindenburg-escalates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-groups-market-rout-hits-72-bn-as-fight-with-hindenburg-escalates\/","title":{"rendered":"Adani group&#8217;s market rout hits $72 bn as fight with Hindenburg escalates"},"content":{"rendered":"<p>Billionaire Gautam Adani\u2019s 413-page attempt to restore confidence in his business empire is falling flat with investors, as stock-market losses deepen and key dollar bonds sink to fresh lows.<\/p>\n<p>Shares of all Adani Group firms slumped on Monday despite the Indian conglomerate\u2019s lengthy weekend rebuttal to allegations of fraud by short seller Hindenburg Research. The three-day selloff has now erased nearly $72 billion of market value amid a share sale by Adani\u2019s flagship that was meant to underline the tycoon\u2019s ascension on the global stage.<\/p>\n<p>While the Adani Group has portrayed Hindenburg\u2019s allegations as baseless and an attack against India itself, the saga is reviving longstanding investor concerns about the conglomerate\u2019s corporate governance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Gautam Adani\u2019s 413-page attempt to restore confidence in his business empire is falling flat with investors, as stock-market losses deepen and key dollar bonds sink to fresh lows. Shares of all Adani Group firms slumped on Monday despite the Indian conglomerate\u2019s lengthy weekend rebuttal to allegations of fraud by short seller Hindenburg Research. The three-day selloff has now erased nearly $72 billion of market value amid a share sale by Adani\u2019s flagship that was meant to underline the tycoon\u2019s ascension on the global stage. While the Adani Group has portrayed Hindenburg\u2019s allegations as baseless and an attack against India [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-551169","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=551169"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551169\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}