Adani Power's 7,000 Crore Deal To Buy DB Power Falls Apart.

Another setback is coming in for the Adani empire. The company's power unit has given up on its plan to acquire DB Power for Rs 7,017 crore. On the other hand, after weeks of getting hammered by bears, Adani stocks had their best day in a month today. Adani Power and Adani Wilmar surged 5%, followed by 1-2% gains in Adani Enterprises and Adani Ports. Watch Anand Adhikari, Managing Editor of Business Today Magazine as he explains the implications of this development.