Indian Government Hasn’t Intervened in Adani Crisis, Sanyal Says
An Adani Group gas station in Ahmedabad, India.
Photographer: Prakash Singh/BloombergThis article is for subscribers only.
The administration of India Prime Minister Narendra Modi hasn’t intervened in the Adani Group’s tussle with a US short seller that caused a rout in the company’s shares, said Sanjeev Sanyal, an economic adviser to the premier.
The “government has not intervened anywhere,” Sanyal, a member of prime minister’s economic advisory council, said in an interview in New York. “Nobody’s having to rescue anyone in our system.”