{"id":557061,"date":"2023-02-21T09:27:57","date_gmt":"2023-02-21T03:57:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=557061"},"modified":"2023-02-21T09:48:53","modified_gmt":"2023-02-21T04:18:53","slug":"after-135-billion-wipeout-adani-group-plans-multi-pronged-comeback","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/after-135-billion-wipeout-adani-group-plans-multi-pronged-comeback\/","title":{"rendered":"After $135-billion wipeout, Adani Group plans multi-pronged comeback"},"content":{"rendered":"<p>Almost a month after a bombshell short seller report lopped off over $135 billion in market value from Gautam Adani\u2019s empire, the 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. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Almost a month after a bombshell short seller report lopped off over $135 billion in market value from Gautam Adani\u2019s empire, the 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 other corporate governance lapses.<\/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-557061","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\/557061","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=557061"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557061\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=557061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=557061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=557061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}