ASIA-PACIFIC NEWS Adani losses top $100 billion- Check out in detail

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Adani Group losses have now surpassed $100 billion since the Jan. 24 publication of a scathing short seller’s report.

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Market turmoil pushed Adani Enterprises to call off its intended $2.5 billion sale share.

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Losses across Gautam Adani’s main businesses hit $107 billion by 10 a.m.

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London time on Thursday since the Jan. 24 publication of an extensive critical report from New York’s Hindenburg Research, which has disclosed a short position in Adani Group companies.

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The Adani firmly denied the accusations as “nothing but a lie” from the “Madoffs of Manhattan” in a 413-page riposte that failed to soothe skittish investor sentiment and rein in a rapid sell-off.

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Forbes downgraded Gautam Adani from its Top 10 list of the richest men in the world.

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The swift share decline of Adani Group companies has sparked concerns over broader systemic risk to Indian markets.

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