The majority of Indian conglomerate Adani Group’s stocks fell on Monday as the company’s investor roadshow tour to appease investors begins in Asia today...
The majority of Indian conglomerate Adani Group’s stocks fell on Monday as the company’s investor roadshow tour to appease investors kicked off in Asia, following after a short seller attack back in January.
Shares in flagship firm Adani Enterprises 512599 fell over 9% in Mumbai, while Adani Ports 532921 barely rose by 0.55%. The strategy is expected to include a three-year plan for liquidity: repaying maturities; addressing all of Hindenburg’s allegations; and revealing measures to improve corporate governance.
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