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Adani Group

Adani sell-off grows to over $65bn in wake of short-seller attack

Group's flagship company is due to close secondary share sale on Tuesday

"It is tremendously concerning that the statements of an entity sitting thousands of miles away ... [have] caused serious and unprecedented adverse impact on our investors," Adani officials wrote, hitting back at Hindenburg Research.   © AP

BENGALURU -- Shares in most of the companies that are part of India's Adani Group fell again on Monday, extending overall losses in the value of the conglomerate's stock to more than $65 billion following a short-seller attack last week.

The drops came even as the group -- controlled by Gautam Adani, one of the world's richest people -- issued a detailed response late on Sunday to allegations of wrongdoing contained in a scathing report from Hindenburg Research.

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