{"id":52296,"date":"2023-02-02T10:54:11","date_gmt":"2023-02-02T01:54:11","guid":{"rendered":"https:\/\/www.theguardian.com\/business\/2023\/feb\/02\/adani-group-abandons-share-offer-as-crisis-triggered-by-claims-escalates"},"modified":"2023-02-02T10:54:11","modified_gmt":"2023-02-02T01:54:11","slug":"adani-group-abandons-share-offer-as-crisis-triggered-by-fraud-claims-escalates","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=52296","title":{"rendered":"Adani Group abandons share offer as crisis triggered by fraud claims escalates"},"content":{"rendered":"<p>Relentless selling triggers questions about how Indian conglomerate \u2013 which denies allegations \u2013 will meet its loan obligations<\/p>\n<ul>\n<li><a href=\"https:\/\/www.theguardian.com\/business\/2023\/feb\/02\/why-has-the-adani-group-shed-us90bn-in-value-and-what-do-short-sellers-have-to-gain\">Why has the Adani Group shed US$90bn in value and what do short sellers have to gain?<\/a><\/li>\n<li><a href=\"https:\/\/www.theguardian.com\/australia-news\/series\/australian-news-live\/latest\">Follow our Australia news live blog for the latest updates<\/a><\/li>\n<li>Get our <a href=\"https:\/\/www.theguardian.com\/australia-news\/2022\/oct\/29\/email-newsletters-guardian-australia-best-daily-news-emails-newsletter-free-sign-up-inbox-subscribe-headlines?CMP=cvau_sfl\">morning and afternoon news emails<\/a>, <a href=\"https:\/\/www.theguardian.com\/technology\/ng-interactive\/2018\/may\/15\/the-guardian-app?CMP=cvau_sfl\">free app<\/a> or <a href=\"https:\/\/www.theguardian.com\/australia-news\/series\/full-story?CMP=cvau_sfl\">daily news podcast<\/a><\/li>\n<\/ul>\n<p>Beleaguered Indian conglomerate Adani Group has abandoned a much-vaunted share offer in an escalating crisis triggered by fraud claims that has cut more than US$90bn in value from the power-to-ports empire and raised the prospect of forced asset sales.<\/p>\n<p>The relentless selling has also triggered questions about how Adani, which runs Australia\u2019s contentious Carmichael coalmine and rail project in Queensland, will meet its loan obligations as banks weigh up their exposure.<\/p>\n<p><strong><a href=\"https:\/\/www.theguardian.com\/australia-news\/2022\/oct\/29\/email-newsletters-guardian-australia-best-daily-news-emails-newsletter-free-sign-up-inbox-subscribe-headlines?CMP=copyembed\">Sign up for Guardian Australia\u2019s free morning and afternoon email newsletters for your daily news roundup<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2023\/feb\/02\/adani-group-abandons-share-offer-as-crisis-triggered-by-claims-escalates\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relentless selling triggers questions about how Indian conglomerate \u2013 which denies allegations \u2013 will meet its loan obligationsWhy has the Adani Group shed US$90bn in value and what do short sellers have to gain?Follow our Australia news live blog for &#8230;<\/p>\n","protected":false},"author":3552,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[630,43,291,6,62,61],"tags":[],"class_list":["post-52296","post","type-post","status-publish","format-standard","hentry","category-adani-group","category-australia-news","category-banking","category-business","category-india","category-south-and-central-asia"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/3552"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52296"}],"version-history":[{"count":2,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52296\/revisions"}],"predecessor-version":[{"id":52308,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/52296\/revisions\/52308"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}