Adani Enterprises shares suspended as price slumps again

[JackSeal]

Shares in the flagship firm of beleaguered Indian tycoon Gautam Adani were repeatedly suspended on Friday as a rout triggered by allegations of accounting fraud deepened.

Adani Enterprises fell 10 percent at the open, while Adani Power, Adani Green Energy, Adani Total Gas -- in which French giant TotalEnergies has a 37.4 percent stake -- and Adani Transmission were also suspended when they hit their trading stops. 
Trading in Adani Enterprises later resumed, only for them to immediately fall another five percent, triggering another halt.

[JackSeal]

Big banks including Credit Suisse and Citigroup have stopped accepting Adani bonds as collateral for loans to private clients, according to Bloomberg News.

[hydusguy]

seems early chestaremo..eela unte