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Adani Races To Restore Confidence With Lender Talks As Corporate Empire Falters

Losses in Gautam Adani’s corporate empire surged to $108 billion on Thursday, sparking fears of a potential systemic implosion one day after the Indian conglomerate’s flagship Adani Enterprises Ltd. scrapped a 200 billion-rupee ($2.4 billion) stock offering. The suddenness of the equity offering withdrawal reverberated across markets, politics, and business circles. One dealmaker told Bloomberg […] Source
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