Adani Group firms pledge more shares for SBI

Three Adani Group companies have pledged additional shares for State Bank of India, days after a scathing report by a US short-seller led to over $100 billion loss in its market value, as per stock exchange filings. Adani Ports and Special Economic Zone (APSEZ), Adani Transmission Ltd and Adani Green Energy pledged shares to SBICAP Trustee Company, a unit of India’s biggest lender, SBI.

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