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India’s Adani: Anatomy of a crisis

Congress protest against investments in Adani Group in New Delhi
Photo: Reuters

A day-by-day account of Adani’s stunning collapse in value.

Early January 2023

Adani Enterprises is one of several listed companies within the broader Adani Group, and it is the embodiment of a Modi-era Indian corporate success story. While the group businesses are essential to Indian life – power, ports, mining, airports, food processing – their share prices have behaved in a manner that would look extravagant for a tech stock.

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Asia editor Euromoney
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Chris Wright is Asia editor. He covers the Asia Pacific region and is based in Singapore. He has previously been Middle East editor of Euromoney, editor of Asiamoney, investment editor of the Australian Financial Review and a correspondent on emerging markets and sovereign wealth for numerous publications worldwide. He has also written two books.