Shares in Adani flagship rally following early payment of debt

Indian conglomerate has been engulfed in crisis since short-seller attack

20230207 Adani Group

Ratings agency Moody's Investors Service says "adverse developments" could reduce the Adani Group's ability to raise money in the next one to two years. © EPA/Jiji

SAYAN CHAKRABORTY, Nikkei staff writer

TOKYO -- Shares in the Adani Group's flagship company rallied on Tuesday after the Indian conglomerate said it would prepay $1.1 billion in loans as it fights to rebuild investor confidence following a brutal short-seller attack.

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