TOKYO -- In recent weeks, the financial world has been transfixed by the stock-market collapse of India's Adani Group. Following a scathing report by U.S. short seller Hindenburg Research, companies in Gautam Adani's conglomerate have lost around half their value -- more than $110 billion.
The Adani Group has accumulated debts of $30 billion as it became a central player in India's push to develop world-class infrastructure. The worry for analysts is how much of that debt has been secured with shares. © EPA/Jiji
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