insisted Thursday that the fundamentals of his conglomerate were"strong" even as shares in its companies plunged again after the group cancelled a multi-billion-dollar stock sale.
Adani Enterprises lost another 10 per cent, forcing trading to be suspended in its shares and several other Adani companies. This helped him last week become the world's third-richest man behind Elon Musk and France's Bernard Arnault and his family. Adani said it was the victim of a"maliciously mischievous" reputational attack and issued a 413-page statement on Sunday that said Hindenburg's claims were"nothing but a lie".
Modi, who like Adani is from Gujarat state, has not commented publicly since the Hindenburg claims, which analysts say has hurt India's image just as it seeks to woo overseas investors away from China.
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