Crisis at Adani Group intensifies as Indian activists stage protests

Opposition groups push Modi to investigate allegations by US short-seller as firm suffers market rout

The crisis engulfing the Adani Group has intensified as hundreds of members of India's opposition parties took to the streets to press for an investigation into allegations by a US short-seller against India's second-biggest business group which triggered its market rout.

The Adani Group said on Monday that its major investors, known in India as promoters", had pledged to prepay $1.1bn (916m) in share-backed loans due for repayment by September 2024. The repayments include shares in Adani's ports business, Adani Green Energy and Adani Transmission.