off-the-wire

Dollar bonds of India's Adani Group resume fall

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, Feb 1 (Reuters) - The dollar bonds issued by entities of India's Adani Group resumed their falling trend on Wednesday after a brief rise in the previous session.


The bonds had sold off following a scathing report by U.S. short-seller Hindenburg Research last Wednesday that triggered a rout in the stocks of the conglomerate's companies. They had, however, recovered in the previous session before resuming the slide earlier in the day.


The U.S. dollar-denominated bonds of Adani Green Energy , Adani Ports and Special Economic Zone , Adani Transmission and Adani Electricity Mumbai were trading lower.


Bonds of Adani Ports maturing in February 2031 led the losses, falling 3.59 cents to 67.58 cents on Wednesday. (Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)

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