Adani in crisis as market value plummets

Parliament has adjourned and protests have erupted across India after the business operation of one of it’s largest companies, Adani, were called into question.

Activist investor group, Hindenburg Research, released a report alleging the company engaged in stock manipulation- prompting a $159 billion drop in market value over the last two weeks.

Adani operates in a variety of sectors including power generation, ports and airports and gas distribution.

They also own the controversial Carmichael coal mine in Queensland.

Image: Image: Shutterstock: Ascannio

Produced By: Matthew van Wyk

Featured In Story: Professor Ian Hall, Acting Director of the Griffith Asia Institute, Griffith University

First aired on The Wire, Tuesday 7 February 2023