Two days before a US court indicted senior officials of Adani Green Energy for allegedly bribing Indian state government officials to secure lucrative power contracts, bulls on two of the group companies' derivatives counters slashed their long positions, saving them from massive losses that hit the group shares after the news broke.
A report of the allegations, dismissed as "baseless" by the Adani Group, surfaced early on Thursday morning, leaving investors with a ₹2.24-trillion hole in their pockets at the end of the day.
Esta historia es de la edición November 25, 2024 de Mint Mumbai.
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GDP growth falters in Q2, hopes pinned on 2nd half
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Russia's war economy shows new cracks after ruble plunges
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Kalyani family's wealth war takes a fresh turn
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Zomato raises ₹8,500 crore via QIP
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Fintech startup Klub halves workforce
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