Adani's Bond Rebound Erases Short Seller Report Losses

Adani Group's dollar bonds, which had dropped following fraud allegations by a short seller, have rebounded after the conglomerate raised $1.4 billion for a renewables project and announced plans to refinance a solar-energy unit's $750 million dollar bond. The rally has helped to erase some of the losses incurred due to the accusations, although concerns still remain as the outcome of Indian probes into the matter is awaited.