[Niubee]

Not sure if you have seen this. Apparently, Adani used its high stock price to pledge as collateral for loans  and used the money for acquisitions.

When the stock fell, it got a margin call to pledge more shares as collateral.
Remind me of s chip companies who used their stock as collateral for loans. The downside can turn into vicious cycle.

https://www.cnbctv18.com/business/compan...920671.htm

Blumont, Asiasons and LionGold.