Adani to repay $1bn in debt in push to rebuild investor confidence

Indian conglomerate's market value has plunged following short-seller attack

SAYAN CHAKRABORTY, Nikkei staff writer

TOKYO -- India's Adani Group on Monday said it will prepay $1.1 billion in loans backed by pledged shares, as the embattled conglomerate tries to rebuild investor confidence following a brutal short-seller attack that has wiped nearly $118 billion from its market value.

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