Markets
Adani Refutes Reports on Debt Repayment Concerns as Shares Slide
- Stock of Adani units sold off in Indian trading on Tuesday
- Group has been seeking to repair image since Hindenburg
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The Adani Group is back in fire-fighting mode after media reports called into question the Indian conglomerate’s ability to repay debt, reviving a selloff in its stock.
Adani units slumped Tuesday after India’s Economic Times said the group is seeking to renegotiate the terms of $4 billion worth of loans, citing people it didn’t identify.