Gautam Adani loses 5.5 Billion dollars in single day after Hindenburg report
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Asia's richest Gautam Adani's net worth saw significant drop with losses of nearly 5.5 billion dollars in just a day after report by Hindenburg research. Hindenburg, a well-known US short-seller, said key listed companies in the group controlled by billionaire Gautam Adani had substantial debt, which has put the entire group on a ‘precarious financial footing.’ The Adani group has however denied such charges.