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With Adani deals, Gautam Adani’s relative turns a bankrupt firm into a $1 bn company in 2 years

By Livemint - 3 months ago
A company that emerged from bankruptcy just two years ago now has a market cap near $1 billion, primarily due to business from the Adani group. Familial links between the Adani group and this company, however, aren't disclosed as related-party transactions, raising corporate governance concerns.

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