{"id":557554,"date":"2023-02-22T10:36:34","date_gmt":"2023-02-22T05:06:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=557554"},"modified":"2023-02-22T12:37:58","modified_gmt":"2023-02-22T07:07:58","slug":"adani-selloff-drags-groups-market-value-to-under-100-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-selloff-drags-groups-market-value-to-under-100-billion\/","title":{"rendered":"Adani selloff drags group\u2019s market value to under $100 billion"},"content":{"rendered":"<p>The combined equity market value of Adani Group\u2019s 10 companies slipped below $100 billion on Tuesday, as the embattled conglomerate struggles to reassure investors following a scathing report by a US short seller. The ports-to-power group has now lost more than $136 billion in market capitalization since Jan. 24, when US-based Hindenburg Research published a report alleging accounting fraud and stock manipulation \u2014 accusations that Adani Group has denied repeatedly. <\/p>\n<p>Billionaire Gautam Adani and his companies have hired legal and communication teams, cut expenses and repaid debt as they seek to calm traders concerned about the group\u2019s access to financing. While the campaign brought the conglomerate\u2019s dollar bonds back from distressed territory, the continued equity selloff is an indication that more is needed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The combined equity market value of Adani Group\u2019s 10 companies slipped below $100 billion on Tuesday, as the embattled conglomerate struggles to reassure investors following a scathing report by a US short seller. The ports-to-power group has now lost more than $136 billion in market capitalization since Jan. 24, when US-based Hindenburg Research published a report alleging accounting fraud and stock manipulation \u2014 accusations that Adani Group has denied repeatedly. Billionaire Gautam Adani and his companies have hired legal and communication teams, cut expenses and repaid debt as they seek to calm traders concerned about the group\u2019s access to financing. [&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":[130],"tags":[],"class_list":["post-557554","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557554","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=557554"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557554\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=557554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=557554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=557554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}