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Six months after a Hindenburg report led to a meltdown in Adani Group stocks, the conglomerate is trying to strike a balance between growth, capex and deleveraging its debt. Though the challenges still linger, sparked by the Hindenburg report alleging accounting fraud, stock manipulation, and routing of funds through foreign shell companies, all of which the firm has refuted, there is some breathing space. BT Magazine's 'The Making of Adani 2.0' decodes the recovery.

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