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"Bloated Response": Short-Seller Hindenburg On Adani's 413-page Rebuttal
Seven listed companies of Adani Group saw sharp falls in their values after the Hindenburg report. ( "Fraud cannot be obfuscated by nationalism or a bloated response that ignores every key allegation we raised," Hindenburg said, standing by its report last week that alleged that the Adani Group "engaged in brazen stock manipulation and accounting fraud scheme" for decades. To be clear, we believe India is a vibrant democracy and an emerging superpower with an exciting future," said Hindenburg. The report also claimed that Adani group's stock price was inflated and had significant downside risks. Seven listed companies belonging to the Adani conglomerate saw sharp falls in their values after the report. Source -https://www.ndtv.com/india-news/bloated-response-ignores-key-allegations-hindenburg-on-adani-rebuttal-3734972
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