BENGALURU -- Adani Group shares gyrated wildly on Friday, bringing the conglomerate's market losses to more than $110 billion since scathing short-seller allegations were made last week.
Group flagship Adani Enterprises fell as much as 35% during the day as S&P Dow Jones Indices said it would remove the company from its sustainability indexes on Feb. 7, a change that could potentially deter sustainability funds from investing despite the group's commitment to pump billions of dollars into green hydrogen production.
