Sahara empire was built on a carefully cultivated image of a benevolent businessman, but once regulators entered, none of his connections could stop freefall
If Adani cannot manage the three issues in the near future, he will go down in corporate history as a shooting star whose stock market blaze lasted for a few years.
News that the Gautam Adani-led firm was looking to extend the repayment window for loans in connection with cement firms ACC and Ambuja Cement led to Adani’s shares tumbling in the share market and the Group being the “worst performer”, as per reports.
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