Adani Group Faces Another Hit After Fresh Allegations by Hindenburg Research
Indian billionaire Gautam Adani’s conglomerate, Adani Group, saw a sharp $2.4 billion drop in market value on Monday following fresh allegations from Hindenburg Research. The short-seller accused the head of India’s market regulator, SEBI Chair Madhabi Puri Buch, of having ties to offshore funds linked to Adani’s companies. This comes after a year-and-a-half-long battle between…