Adani faces one of the worst billionaire wipeouts
Anders Melin
Gautam Adani had appeared to weather the biggest broadside yet to his sprawling empire, heading into a holiday in India as the world’s fourth-richest person and dismissing a short-seller report as “stale” and “baseless.”
Then Indian markets reopened Friday and it quickly became apparent that Hindenburg Research, a tiny New York firm, had pierced the defences of the mighty Adani Group, a corporate giant half a world away.
Bloomberg Wealth
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