In an effort to ease investor fears, the Hindenburg-affected Adani Group asserts stable ties with international banks
According to a report on Wednesday, a company document from Adani Group revealed that numerous prestigious Japanese and European banks have reiterated their support for the troubled conglomerate after it was severely damaged by a negative report from a US short seller. The seven listed companies of the Gautam Adani-led organisation have lost approximately $120 billion in market value since a US short seller’s report on January 24 accusing it of stock manipulation and inappropriate use of offshore tax havens, both of which it has denied. “Global banks such as MUFG, SMBC, Mizuho, Standard Chartered, Barclays, DBank (Deutsche Bank), consortium…