Signage of Adani Group in Mumbai, India, on Friday, Jan. 27, 2023. The Adani Group said it’s exploring legal action against US investor Hindenburg Research after the short seller released a report alleging “brazen” market manipulation and accounting fraud by Asia’s richest man’s empire. Photographer: Indranil Aditya/Bloomberg

Signage of Adani Group in Mumbai, India, on Friday, Jan. 27, 2023. Shares of Adani Groups companies have lost more than $30 billion in market value in less than two sessions, as a selloff sparked by US short seller Hindenburg Researchs scathing report deepened on Friday. Photographer: Indranil Aditya/Bloomberg

A man walks past LIC Office building in Kolkata, India.