
Indian Market Rout Intensifies After Adani Drops $2.5bn Share Sale
The Adani Group’s decision to abandon its $2.5-billion share sale has worsened the Indian conglomerate’s market rout. Over $100 billion has now been wiped off stock values of its seven listed companies over the past week. The group’s flagship, Adani Enterprises, plummeted 25% again on Thursday after the Adani board called off the share offer…