Friday, February 3, 2023

India's controversy hit Adani group likely to produce credit report to pacify investors

 Intro:

India's Adani group has met obligations on US bonds, even amid the share rout.

Market losses have climbed to more than $100 billion after a  US short seller, Hindenburg Research accused the company of stock manipulation. 

Adani Group is now reportedly planning to issue a credit report to address liquidity concerns.

India correspondent Ishan Garg tells us about what that could mean for the markets. 

IN: If it does...

OUT: SOC

Duration: 40 seconds

http://www.fsnradionews.com/feeds/0203-AdaniCreditReport-ig-gen.mp3