Adani Group reverses losses caused after Hindenburg row, makes whopping USD 150 billion recovery: Report | Business
New Delhi: Shares of billionaire Gautam Adani-led group companies have recovered all losses triggered by a critical short-seller report published in 2023, as the conglomerate continues to navigate regulatory scrutiny and legal challenges, Bloomberg has reported. The group's nine listed companies have collectively regained around USD 150 billion in market value that had been wiped out following allegations made by US-based Hindenburg Research, which accused the ports-to-power conglomerate of widespread corporate misconduct. All nine Adani group stocks rose on Wednesday, led by a 13% jump in shares of Adani Total Gas Ltd. Adani Power Ltd. extended its record rally, taking…