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Adani Group cancelled IPO after losing more than $107 billion

India’s Adani conglomerate market losses have exceeded to over $100 billion on Thursday, which have snowballed since New York’s Hindenburg Research (a short-seller’s firm) published scathing report triggered market turmoil and led the company to cancel its public share sale. Hindenburg Research alleging a two-year investigation, the report charged the Adani conglomerate with engaging in …

Adani Group cancelled IPO after losing more than $107 billion Read More »