BENGALURU -- India's Adani Group is making its first major acquisition since coming under attack from short-seller Hindenburg Research with a nearly $300 million deal to gain control of a cement maker.
Adani Group
Adani Group's first acquisition since Hindenburg row
Ambuja Cement to spend almost $300 million for 83% stake in smaller rival
Adani Group was forced to put the brakes on its debt-fuelled expansion after Hindenburg Research, a U.S. financial research company, alleged "brazen stock market manipulation." (Photo by Ken Kobayashi)
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