Gautam Adani’s empire has been battered and bruised by allegations of stock manipulation and fraud levelled by American short-seller Hindenburg Research. As the billionaire fights back with several confidence-building measures, his company stocks continue to wobble and global bankers turn wary. Can his mega plans survive this onslaught?
Analysts say this is only the beginning of big money pouring in, with Reliance and Adani expected to set the funding process in motion for green hydrogen.