NEW DELHI: Retail investors in India were buyers in most Adani group companies as the unprecedented selloff sparked by short-seller Hindenburg Research’s allegations corrected their sky-high valuations.
Individual investors raised their holdings in eight of the 10 companies related to the ports-to-power group in the three months through March, including its flagship firm Adani Enterprises Ltd. and a key unit that handles a big chunk of India’s ports, according to regulatory filings.
