Adani Flagship Erases All Stock Losses Sparked by Hindenburg
- Flagship unit has almost tripled from post-Hindenburg low
- Adani Group has got investments from GQG Partners and Qatar
The Adani Group headquarters in Ahmedabad, Gujarat.
Photographer: Prashanth Vishwanathan/BloombergThis article is for subscribers only.
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Shares of Adani Enterprises Ltd., the flagship of Indian billionaire Gautam Adani’s group, have erased all the losses inflicted by a scathing short-seller report in early 2023, after the conglomerate cut debt and landed major projects.