Slide in Adani Group stocks continues

Slump follows reports questioning debt repayment

- SIDDHANT MISHRA

ADANI GROUP STOCKS continued their slide on Tuesday, with six stocks hitting their lower circuit of 5% and the flagship Adani Enterprises slumping over 7%.

This followed reports questioning the debt repayment claims by the group. The reports claimed that despite the group announcing it has repaid over $2 billion of debt, banks were yet to release shares pledged by the promoters, implying that the debt is yet to be paid.