Sell-off in India's Adani deepens to $48bn after short-seller report

Conglomerate pushes ahead with secondary share sale to retail investors

SAYAN CHAKRABORTY, Nikkei staff writer

BENGALURU -- A sell-off in shares of companies that are part of India's Adani Group deepened on Friday, with the stock losing a total of around $48 billion in value in the wake of an attack this week by a prominent U.S. short-seller.

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