The Indian energy billionaire and Narendra Modi ally denied charges leveled by Hindenburg Research, which triggered a massive sell-off of Adani company shares.
share sale of one of its companies.
in the country. From there, his company expanded swiftly into infrastructure, logistics and energy, with coal-related businesses fueling his rise.
His empire now stretches to sectors such as defense, renewable energy, transmission and infrastructure.Adani’s dizzying rise closely parallels the political career of Modi. The two men first met in the 1990s in their home state of Gujarat, when Adani was an up-and-coming businessman and Modi a promising, mid-level official in the Bharatiya Janata Party.
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