by Gautam Adani’s beleaguered empire is spiraling into disaster, because the fallout from a short-seller’s fraud allegations results in a worsening meltdown in the indebted conglomerate’s securities.
Bonds of the Indian billionaire’s flagship agency plunged to distressed ranges in US buying and selling, and the corporate abruptly pulled a record home inventory providing after the Adani group suffered a $92 billion market crash. Banks both need extra collateral for loans, or are scrutinizing the worth of the corporate’s debt to lend towards.
