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Troubled shares, troubles shared: Adani and India Inc

The Intelligence from The Economist

Adani Enterprises' Share Sale Reveals Hints About India Inc. Banding Together When Things Get Tough

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Shares in Adani Enterprises, the group's biggest publicly traded arm, began to tank. In last two sessions, Adani Group have already lost 30 billion dollars worth of wealth. Back on the open market, Adani Enterprises is still flailing, just today its share price has dropped 20%. The Adani Group has gone further than just calling Hindenburg's allegations false,. It's called them an attack on India itself. And you know, we are…

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