{"id":551172,"date":"2023-01-31T09:28:07","date_gmt":"2023-01-31T03:58:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551172"},"modified":"2023-01-31T10:12:50","modified_gmt":"2023-01-31T04:42:50","slug":"adani-rebuttal-to-hindenburg-fails-to-stem-concern-bond-plunge-quickens","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-rebuttal-to-hindenburg-fails-to-stem-concern-bond-plunge-quickens\/","title":{"rendered":"Adani rebuttal to Hindenburg fails to stem concern, bond plunge quickens"},"content":{"rendered":"<p>A plunge in dollar bonds of Adani Group companies quickened on Monday after a rebuttal by the Indian conglomerate failed to ease concerns following a scathing report last week by short seller Hindenburg Research.<\/p>\n<p>Adani Ports &amp; Special Economic Zone Ltd.\u2019s 2027 note dropped 7.1 cents on the dollar to 72 cents in Hong Kong, hitting a fresh low following an 11 cent tumble last week, Bloomberg-compiled data show. The selloff in billionaire Gautam Adani\u2019s corporate empire had already erased more than $50 billion of equity market value as Asia\u2019s richest man struggles to contain the fallout.<\/p>\n<p>At least eight other Adani corporate bonds dropped by more than two cents on the dollar Monday in volatile trading,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A plunge in dollar bonds of Adani Group companies quickened on Monday after a rebuttal by the Indian conglomerate failed to ease concerns following a scathing report last week by short seller Hindenburg Research. Adani Ports &amp; Special Economic Zone Ltd.\u2019s 2027 note dropped 7.1 cents on the dollar to 72 cents in Hong Kong, hitting a fresh low following an 11 cent tumble last week, Bloomberg-compiled data show. The selloff in billionaire Gautam Adani\u2019s corporate empire had already erased more than $50 billion of equity market value as Asia\u2019s richest man struggles to contain the fallout. At least eight [&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-551172","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\/551172","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=551172"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551172\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}