{"id":567125,"date":"2023-03-31T10:20:07","date_gmt":"2023-03-31T04:50:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=567125"},"modified":"2023-03-31T12:18:34","modified_gmt":"2023-03-31T06:48:34","slug":"adani-pulls-back-on-grand-ambitions-after-hindenburg-bombshell","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-pulls-back-on-grand-ambitions-after-hindenburg-bombshell\/","title":{"rendered":"Adani pulls back on grand ambitions after Hindenburg bombshell"},"content":{"rendered":"<p>Two months on from its explosive report into Gautam Adani\u2019s acquisitive conglomerate, short seller Hindenburg Research has left the Indian billionaire\u2019s empire chastened and reevaluating its ambitions. <\/p>\n<p>Hindenburg\u2019s allegations of extensive, years-long corporate fraud at the Adani Group have wiped out about $125 billion in market value since January, spurring the tycoon to rein in plans to expand into new sectors, according to people familiar with the company\u2019s inner workings.<\/p>\n<p>The group, which racked up one of India\u2019s heftiest debt loads to fund fresh areas of growth, is pulling back from petrochemicals and is unlikely to go ahead with a planned $4 billion greenfield coal-to-polyvinyl chloride project in Mundra, western India, said the people, asking not to be identified on what are internal discussions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two months on from its explosive report into Gautam Adani\u2019s acquisitive conglomerate, short seller Hindenburg Research has left the Indian billionaire\u2019s empire chastened and reevaluating its ambitions. Hindenburg\u2019s allegations of extensive, years-long corporate fraud at the Adani Group have wiped out about $125 billion in market value since January, spurring the tycoon to rein in plans to expand into new sectors, according to people familiar with the company\u2019s inner workings. The group, which racked up one of India\u2019s heftiest debt loads to fund fresh areas of growth, is pulling back from petrochemicals and is unlikely to go ahead with a [&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-567125","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\/567125","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=567125"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/567125\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=567125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=567125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=567125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}