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Adani-Hindenburg row: MSCI will also apply a special treatment for all Adani Group's associated securities in the MSCI Equity Indexes starting from February 2023
The group is looking to repay the bridge loan with cash this month, the report said, citing people aware of the matter, adding that the loan had a tenor of six months and was part of a larger $5.25 billion financing package.
Since Modi came to power, Adani has become the poster child for his administration’s use of private capital to boost infrastructure and domestic manufacturing
The crisis engulfing Indian billionaire Gautam Adani’s corporate empire has started dragging down a broader range of assets tied to the world’s fastest-growing major economy.
Due to the carnage in Adani stocks, Gautam Adani who was among the top five billionaires in the world --- witnessed a massive downfall in his wealth. Mukesh Ambani has surpassed Adani to become the richest man in India.