Gautam Adani’s ports unit is considering plans to repay up to INR 50bn ($605m) of loans in a bid to restore investor confidence in the jewel in the Indian billionaire’s business empire.
Shares in Adani Ports & Special Economic Zone (APSEZ) have suffered a brutal sell-off after US short-seller Hindenburg Research levied accusations of accounting fraud and market manipulation at the wider Adani Group.
