Adani Group's market loss tops $110 billion after wild trading

Conglomerate's crisis deepens as flagship company dropped from key index

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The Adani Group's market value has plummeted since Jan. 25, when Hindenburg Research made a host of accusations against the conglomerate. © Reuters

SAYAN CHAKRABORTY, Nikkei staff writer

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.

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