Mobilenews24x7 Bureau (Exclusive)
Post the Hindenburg expose the issue over Adani’s empire has taken queer twists in its fate. From Parliament down to his business roots at the field, all have been impacted by a massive tremor of fear when its one times business friends have almost walked out of the circuit by straight side-steps.
According to sources , the following are the groups those who have chosen to distance from the third richest business empire in the world.
Feb 01 – Credit Suisse says won’t accept Adani bonds as collateral.
Feb 02 – Citigroup wealth unit halts margin loans on Adani Securities.
Feb 03 – StanChart stops lending against Adani Dollar Bonds.
Feb 03 – S&P slashed of outlook on two of the Adani companies. Likely to pull down Adani Bonds.
Feb 04 – Nifty, Nifty Next 50 weighed down by exposure to Adani Cos.
Several cartoons show the group in dim light and others have drawn themselves to the extreme of exemplifying the group for its political influence which is nearly muted for the time being from making any concrete say over the issue.
The unfolding developments have come as a God-sent opportunity for the opposition to go hammer and tongue on the company.
