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BlackRock, Neuberger Bought Adani Debt Post Hindenburg Bombshell

(Bloomberg) Some of the world’s largest asset managers raised their holdings of Adani Group dollar bonds last year after the unprecedented rout sparked by Hindenburg Research.Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028China Weighs Stock Market Rescue Package Backed by $278 BillionTurkey Approves Sweden NATO Bid, Leaving Hungary as HoldoutAn Isolated Israel Doubles Down on War in Gaza — At All CostsNetflix Pays $5 Billion for ‘Raw’ in Bet on L

Adani debt: BlackRock, Neuberger bought Adani debt post Hindenburg bombshell

BlackRock and State Street increased their holdings of Adani Group dollar bonds, while Lombard Odier and Neuberger Berman also raised their positions. Adani Group s empire improved its financial condition, paying down debt, refinancing loans, and attracting equity investments after the Hindenburg Research report.

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