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Commercial papers worth Rs 1,497 crore issued by Adani Enterprises are set to mature between February 6 and April 27, data provided by sources showed. This comes amid a steep plunge in stock and international bond prices of Adani Group companies.
The fall was triggered by short seller Hindenburg Research’s accusation against the group of accounting fraud and stock manipulation. Adani Group has denied these allegations.
Commercial papers are debt instruments meant to cover short-term obligations. Most of the CPs issued by Adani Enterprises had three-month maturity, while some had a six-month maturity, the data showed.
According to the data,
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