Credit Suisse has assigned zero lending value for bonds issued by Adani Group’s listed subsidiaries, according to reports.
Credit Suisse has assigned zero lending value for bonds issued by Adani Group’s listed subsidiaries, Bloomberg
on Wednesday, a move that will deepen concerns for the beleaguered Indian conglomerate that has been accused of corporate fraud and stock manipulation by activist investor Hindenburg Research.
The report comes amid another crushing day for the group’s listed companies on the stock market, with shares in the flagship Adani Enterprises ending the day 28.2% in the red.request for comment. Adani Ports fell by 19.18% Wednesday, Adani Green Energy by 5.19% and Adani Transmission by 2.85%, while the group’s other major listed firms Adani Power, Adani Total Gas and food company Adani Wilmar ended the day 4.98%, 10% and 5% in the red, respectively.According to our estimates, founder Gautam Adani’s current net worth stands at $75.1 billion, after a market rout
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