Adani Group plans to prepay a $1.1B loan backed by shares of some of its companies.  The move comes in response to the conglomerate canceling its planned $2.4B share sale after the firm’s listed companies lost more than $90B in market value following short-seller Hindenburg Research’s 106-page report accusing Adani Group of widespread fraud and stock manipulation. Adani called Hindenburg’s accusations unresearched and maliciously mischievous and released a 413-page response. Adani said its controlling shareholders have posted amounts to pay off the loan ahead of its September 2024 maturity date. Shares in Adani companies continued to fall on Monday; however, India’s stock-market operators reduced the maximum amount that Adani stock prices could fall in a day. Adani’s listed companies have lost about $111B in value since seller Hindenburg's report was released on Jan. 24.