Adani GroupGautam Adani's empire in crisis: 5 things to know
Indian billionaire and his conglomerate are reeling from short-seller attack
Gautam Adani's personal wealth has been hit hard in the fallout from a blistering report by a U.S. short-seller. (Nikkei montage/AFP/Jiji/AP/Reuters)
SAYAN CHAKRABORTY, Nikkei staff writer
February 4, 2023 12:13 JST
BENGALURU -- Until just over a week ago, Gautam Adani projected the image of a near-invincible business tycoon whose corporate empire and wealth looked set to expand relentlessly. After all, his huge conglomerate had emerged as a key player in India's push to develop slick highways, gleaming airports and other world-class infrastructure.