The Adani Group is massive, transnational, and has resource partnerships that cross continents with multiple joint companies and government relations.

There are relationships with Indian banking giant ICICI that are questionable and that also cross continents.

And more (it's big wall map tiny font material here).

Point being, shaking up the Adani Groups reputation has flow on effects that can be capitalised upon in many ways by shorting many other associated companies that may fail due to governments losing confidence to proceed on large projects, choosing other partners, etc.