The domino effect of Adani stocks’ $51 billion meltdown – The Ken

This article first appeared in The Ken on January 30

The ramifications of this meltdown are both immediate and far-reaching. The group’s flagship Adani Enterprises Ltd’s failure to pull off its ongoing Rs 20,000 crore (~US$2.5 billion) share sale will impede its efforts to bankroll its new businesses, including roads, metals, and green hydrogen.

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