Adani juggernaut will roll on but it needs more quality investors

A temporary bout of nervousness in the stock market won't shake Asia's second-richest man.

Gautam Adani’s debt-fueled empire received a jolt this week when the Economic Times reported that three of the six Mauritius-based funds that have invested most of their money in the Indian billionaire’s stocks had seen their accounts frozen by the national share depository.
 

The Adani Group refuted the report as “blatantly erroneous,” helping to put a floor below plunging share prices. But not before $6 billion of wealth was lost on Monday. The jitters returned the next day with an announcement that the accounts for Cresta Fund Ltd., Albula Investment Fund Ltd. and APMS Investment Fund Ltd. are in “suspended