Indian business tycoon Gautam Adani pulled a $2.5 billion shar | Business Insider

Indian business tycoon Gautam Adani pulled a $2.5 billion share sale on Wednesday after shares in his flagship Adani Enterprises extended massive losses following a short seller attack.

Listed companies under the Adani Group have lost $92 billion in market capitalization since Hindenburg Research, a US short seller, released a scathing report last Tuesday alleging "brazen stock manipulation and accounting fraud scheme" at the Adani Group.

Shares of Adani Enterprises, the conglomerate's flagship, lost 28% in one day on Wednesday and are down 43.5% in market value this year.

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