Adani Group’s Market Losses Reach $100 Billion After FPO is Shelved

  • Adani Group’s market losses reach $100 billion after the company shelves its FPO (follow-on public offering).
  • The stocks rout was triggered by U.S. short-seller Hindenburg’s criticisms.
  • Despite the offer being fully subscribed on Tuesday, Adani called off the share sale.
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