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Adani’s weekly losses top 50% as group selloff deepens
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fnlondon.comShares in Adani Group companies were trading lower on 3 February, extending a weeklong selloff that has wiped out more than $100bn in market value and forced its flagship business to cancel a share sale that would have raised more than $2bn.
Adani Enterprises fell 15% in early trading, taking its losses this week to 52%. Adani Transmission and Adani Green Energy both lost 10%, while Adani Power, Adani Total Gas and Adani Wilmar all dropped 5.0% and Adani Ports & Special Economic Zone fell 9.7%.
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