Adani says it will repay over $1 billion in debt ahead of schedule in a bid to halt stock-market rout

Tech Insider
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.

Indranil Mukherjee/Getty Images

India's stock market crisis isn't just the Adani Group's problem — it's a political issue for Prime Minister Modi too

Tech Insider : Politics
Members of Congress party demand an investigation into allegation of fraud by Adani group according to Hindenberg investigation, alleged investment by LIC and SBI in Adani Group and protest against Narendra Modi government over the issue on February 6, 2023 in Kolkata, India.
Ties between Indian tycoon Gautam Adani and Prime Minister Narendra Modi are under scrutiny.

Samir Jana/Hindustan Times/Getty Images

The massive selloff in Adani shares eclipses those of other short-seller targets like Enron and Wirecard

Tech Insider
An activist of the youth wing of India's main opposition Congress party holds a placard featuring Gautam Adani, chairman of Adani Group, during a protest against what they say are investments by Life Insurance Corporation (LIC) and State Bank of India (SBI) in Adani Group, in New Delhi, India, February 6, 2023.
Gautam Adani's business empire has been under pressure ever since US short seller Hindenburg Research leveled allegations of alleged market m

Adani cut its UK audit bill in half by dumping a Big 4 firm for a much smaller rival, filings show as scrutiny of its safeguards deepens

Tech Insider
Gautam Adani sitting at a conference summit
Chairman and founder of the Adani Group Gautam Adani seen during the News18 Rising India Summit on February 25, 2019 in New Delhi, India.

Sanjeev Verma/Hindustan Times via Getty Images

India's stock regulator tried to calm jittery investors fleeing the stock market — but even that's not helped Gautam Adani, whose companies' shares continue to take a beating

Tech Insider
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.
Indian tycoon Gautam Adani's business empire has been targeted by a short seller.

Indranil Mukherjee/Getty Images

Gautam Adani went from Asia's richest man to losing $60 billion after a scathing short-seller report. Here are the new top 5 wealthiest people on earth.

Tech Insider
Founder and chairman Of Adani Group, Gautam Adani.
Gautam Adani, Founder and chairman Of Adani Group.

Ramesh Dave/Mint via Getty Images)

Adani had a handful of auditors as young as 23 years old signing off on companies worth $100 billion, Hindenburg says

Tech Insider
Founder and chairman Of Adani Group, Gautam Adani.
Gautam Adani, founder and chairman of Adani Group.

Ramesh Dave/Mint via Getty Images)

BlackRock has more than $100 million exposure to Adani's dollar debt, report says

Tech Insider
blackrock
BlackRock has one of the biggest known exposures to Adani's dollar debt, per Bloomberg.

REUTERS/Eric Thayer

Gautam Adani lost $52 billion in 6 days. That's over 3 times what Sam Bankman-Fried lost in a similar timeframe.

Tech Insider
Founder and chairman Of Adani Group, Gautam Adani.
Gautam Adani has lost $52 billion over six trading days after a collapse in his companies' share prices.

Ramesh Dave/Mint via Getty Images)

Gautam Adani lost $52 billion in 6 days. That's over 3 times what Sam Bankman-Fried lost in a similar timeframe.

Tech Insider
Founder and chairman Of Adani Group, Gautam Adani.
Gautam Adani has lost $52 billion over six trading days after a collapse in his companies' share prices.

Ramesh Dave/Mint via Getty Images)

Subscribe to Gautam Adani