Adani shares battered again, worries mount
Adani Group companies were battered once again on the stock market on Thursday bringing the group’s total value down by a colossal $107 billion in just a few days since the publication of the Hindenburg Research Report. The price of Adani Enterprises, which dramatically pulled its public issue late last night, fell another 27 per cent today, losing 570 points and closing at Rs 1,565. It had fallen by 28 per cent yesterday. It is now very far below Rs 3,112, the proposed lower band of the follow-on public offer that it...