Adanim Cap News Today

The conglomerate vehemently denied all allegations as it redrew its strategy that included trimming debt through prepayments and repayments of borrowings, paring the founders share pledge and bringing in both promoter and marquee investor equity. The strategy seems to be paying off with share prices of some of the 10 listed companies recovering all of the Hindenburg losses.

India had become the fifth most valued stock market, beating its former colonial ruler the UK. The current fall is largely attributed to the Adani Group's rout.