Adani Lowers Growth Target and Capital Expenditure on Post-Hindenburg Repair Moves
Gautam Adani’s conglomerate has halved its revenue growth target and plans to delay new capital expenditures, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a short-selling attack. The group will now target revenue growth of 15% to 20% for at least the next […]
Adani Group Shares Plummet, Extending Defeat After Hindenburg Report
Shares of Adani Group companies have lost more than $30 billion in market value in less than two sessions as a sell-off triggered by the scathing report by US short-seller Hindenburg Research deepened on Friday. The defeat is putting pressure on billionaire Gautam Adani, Asia’s richest man, as it erodes his net worth and threatens […]