Adani Group abandons share offer as crisis triggered by fraud claims escalates
Relentless selling triggers questions about how Indian conglomerate – which denies allegations – will meet its loan obligations
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Relentless selling triggers questions about how Indian conglomerate – which denies allegations – will meet its loan obligations
SYDNEY (Reuters) - Australia's corporate regulator is reviewing a short-seller report that accused India's Adani Group of improper use of offshore tax...
In Australia, the conglomerate operates the Carmichael coal mine and the Abbot Point port.
A report by US-based activist investor Hindenburg Research has raised questions about transactions in Adani’s Australian coal, port and rail operations.
Scathing allegations, which company rejects as ‘baseless’, will hamper access to Wall Street but surging coal price will ease burden, experts say