India’s conglomerate Adani is offering coal cargoes at a discount to benchmarks in a move suggesting that the group’s traders are eager to sell the coal quickly and potentially boost the liquidity at Adani Group, sources familiar with the matter told Bloomberg on Thursday. The giant industrial conglomerate Adani has had a difficult few weeks after a short seller’s report accused the group of gross market manipulations, leading to a massive wipeout of the market capitalizations of the group’s listed units.
Indian authorities…Embattled Adani Embarks On A Coal Fire Sale To Boost Liquidity
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