Adani Stock Rebound Accelerates Amid Steps to Ease Debt Concerns

Most Adani Group stocks rose again, extending their rebound from the rout sparked by US short-seller Hindenburg Research’s report, as the indebted Indian conglomerate takes steps to address investor concerns over leverage.

Seven of the group’s 10 stocks ended higher in Wednesday’s session, with flagship Adani Enterprises Ltd. rallying 20% after surging the most since 2020 the previous day. The stock has more than doubled from the low it hit during the recent selloff.

The meltdown that at one point erased $117 billionfrom the value of billionaire Gautam Adani’s companies has eased as the tycoon and his family ...