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France 24
France 24
Business
Charles PELLEGRIN

Adani Enterprises calls off €2.2 billion share sale, citing 'market volatility'

Gautam Adani Adani Group US Federal Reserve Inflation Interest Rates
BUSINESS DAILY © FRANCE 24

The Adani Group conglomerate has seen tens of billions of euros wiped off its market value since a short-seller's report accused it of pulling "the largest con in corporate history" last week. It has now cancelled a €2.2 billion ($2.5 billion) share sale meant to help reduce debt levels. Billionaire founder Gautam Adani maintains that the "fundamentals" of the group are "strong".  Also in the show, we take a look at central banks' continued war on inflation as the Federal Reserve continues raising interest rates.

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