Citigroup Inc's wealth arm has stopped accepting securities of billionaire Gautam Adani's group of firms as collateral for margin loans following short seller Hindenburg Research's report, Bloomberg News reported late Wednesday.
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India's Adani speaks about turmoil as Citigroup stops margin loansGautam Adani, who saw $100 billion rout in shares of his listed firms, says his conglomerate has 'impeccable track record' of fulfilling debt obligations. Meanwhile, Citigroup stops accepting securities of his firms as collateral for margin loans.
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NBC10 PhiladelphiaDrivers should avoid the area of 52nd Street and Lancaster Avenue in West Philly right now as there is a crash blocking the road.
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India's Adani Enterprises enters final day of crucial $2.5 billion share saleIndia's Adani Enterprises climbed 2% in early trade on Tuesday, the last day for its $2.5 billion secondary share sale, with all eyes on whether the company can secure enough backing for the offering after a U.S. short-seller's scathing attack.
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Breakingviews - Breakingviews: Adani re-ups India’s emerging market riskIndia is making its way onto global investors’ maps. How the country’s financial authorities tackle the $65 billion selloff at Gautam Adani’s eponymous infrastructure empire following a short-selling attack may determine how soon the country establishes itself as a reliable investment destination.
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