Adani Races To Restore Confidence With Lender Talks As Corporate Empire Falters
February 02, 2023 at 18:50 PM EST
Losses in Gautam Adani’s corporate empire surged to $108 billion on Thursday, sparking fears of a potential systemic implosion one day after the Indian conglomerate’s flagship Adani Enterprises Ltd. scrapped a 200 billion-rupee ($2.4 billion) stock offering. The suddenness of the equity offering withdrawal reverberated across markets, politics, and business circles. One dealmaker told Bloomberg […] Source
