In an ongoing asset wealth wipeout, Shares in business tycoon Gautam Adani's flagship firm nosedived again on Wednesday as the conglomerate fought short-seller allegations of accounting fraud.

Adani Enterprises stocks were down 30 percent on the Bombay Stock Exchange minutes before the bourse's scheduled close, their fifth straight day of losses.

The rout has wiped out around $92 billion of the value of the conglomerate's listed units since last week, Bloomberg News said.

In an ongoing asset wealth wipeout, Shares in business tycoon Gautam Adani's flagship firm nosedived again on Wednesday as the conglomerate fought short-seller allegations of accounting fraud.

Adani Enterprises stocks were down 30 percent on the Bombay Stock Exchange minutes before the bourse's scheduled close, their fifth straight day of losses.

The rout has wiped out around $92 billion of the value of the conglomerate's listed units since last week, Bloomberg News said.