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Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023.
A painting of Indian businessman Gautam Adani.

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  • Embattled Indian conglomerate Adani Group is paying back $1.1 billion in debt ahead of schedule.
  • It's scrambling to halt a stocks rout that's wiped out over $110 billion in market value over the past fortnight.
  • The selloff came after US short-seller Hindenburg Research accused the group of market manipulation and fraud.

Adani Group said Monday that it would pay back over $1 billion in debt ahead of schedule in a bid to shore up investor confidence, after its companies were battered by a two-week stock-market rout.

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Markets, MI Exclusive, Stock Market Analysis, Stock Market Outlook, Stock Market Strategy, Investing Analysis, Investing Outlook, Investing Strategy, Gautam Adani, Adani Group, hindenburg research
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Adani says it will repay over $1 billion in debt ahead of schedule in a bid to …