Adani-Hindenburg battle: Adani Group loses $65 billion in value

On Monday, most Adani Group shares dropped sharply as investors were unsatisfied with the Indian conglomerate's response to criticism from a U.S. short-seller.

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The Indian group has been at odds with Hindenburg Research and responded to their research on Sunday.

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Adani Transmission, Adani Total Gas, Adani Green Energy, Adani Power, and Adani Wilmar all experienced Monday declines of between 5% and 20%.

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The second day of the $2.5 billion secondary share offering by Adani Enterprises came to an end amid gloomy market sentiment.

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The market rout has now led to losses of $65 billion in the group's stock values.

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