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France’s TotalEnergies said Friday its exposure to troubled Indian conglomerate Adani Group is limited to $3.1 billion as of 31 December, Kallanish reports. The Indian conglomerate lost over $100 billion in market value after US short-seller Hindenburg Research published a report on 24 January, a day before Adani Enterprises’ follow-up public offering of shares (FPO). The report accuses the group of stock manipulation and accounting fraud. In a ma…
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