A strange news report briefly rattles the Adani Group

THE ADANI GROUP underpins swathes of India’s economy. The family-controlled conglomerate’s businesses include airports, energy and natural resources, among other critical infrastructure. Its founder, Gautam Adani, is the world’s 14th richest man, worth some $72bn, according to Bloomberg. In terms of perceived ability to navigate India’s treacherous legal landscape and impenetrable red tape, he is in the same league as a fellow (slightly wealthier) billionaire, Mukesh Ambani.

Listen to this story

Your browser does not support the <audio> element.

So when the share prices of the Adani Group’s six listed entities plunged on June 14th, heads spun. That day the Economic Times, an Indian newspaper, reported that the

→ Continue reading at The Economist

Similar Articles

Advertisment

Most Popular