{"id":556918,"date":"2023-02-20T09:57:50","date_gmt":"2023-02-20T04:27:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=556918"},"modified":"2023-02-20T10:56:24","modified_gmt":"2023-02-20T05:26:24","slug":"adani-maps-comeback-strategy-after-rs-10-91-lakh-crore-hindenburg-rout","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-maps-comeback-strategy-after-rs-10-91-lakh-crore-hindenburg-rout\/","title":{"rendered":"Adani maps comeback strategy after Rs 10.91 lakh crore Hindenburg rout"},"content":{"rendered":"<p>Almost a month after a bombshell short seller report lopped off Rs 10.91 lakh crore ($132 billion) in market value from Gautam Adani\u2019s empire, the Indian billionaire has hired top-shelf US crisis communication and legal teams, scrapped a $850 million coal plant purchase, reined in expenses, repaid some debt and promises to repay more.<\/p>\n<p>The ports-to-power conglomerate helmed by Adani \u2014 who used to be Asia\u2019s richest person \u2014 is hoping to claw back the narrative with this playbook and calm jittery investors and lenders after US-based Hindenburg Research on Jan. 24 accused it of accounting fraud, stock manipulation and other corporate governance lapses. The Adani Group denies these allegations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Almost a month after a bombshell short seller report lopped off Rs 10.91 lakh crore ($132 billion) in market value from Gautam Adani\u2019s empire, the Indian billionaire has hired top-shelf US crisis communication and legal teams, scrapped a $850 million coal plant purchase, reined in expenses, repaid some debt and promises to repay more. The ports-to-power conglomerate helmed by Adani \u2014 who used to be Asia\u2019s richest person \u2014 is hoping to claw back the narrative with this playbook and calm jittery investors and lenders after US-based Hindenburg Research on Jan. 24 accused it of accounting fraud, stock manipulation and [&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":[146,130,234],"tags":[],"class_list":["post-556918","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/556918","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=556918"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/556918\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=556918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=556918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=556918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}