Adani crisis: Indian group has value cut in half after stock market rout

Adani crisis: Indian group has value cut in half after stock market rout

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The beleaguered empire of the Indian billionaire Gautam Adani is spiralling into crisis, as an escalating stock rout triggered by fraud claims cuts the value of his conglomerate in half. Traders sent shares in the listed flagship Adani Enterprises down more than 25% shortly after markets opened in…

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