THE BIGGER PICTURE OF ADANI-HINDENBURG
On January 25, Hindenburg released a report, alleging that Adani Group has “engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades”. The disclosure led to $51 billion sell off in shares of the group over 2 trading seasons. Hindenburg also asked 88 questions regarding the report from Adani group. In response to that, Adani group called the allegations baseless as 65 questions asked were already answered in different companies’ individual annual reports, memorandum, financial statements and stock exchange disclosures.
Read more at: https://tfipost.com/2023/02/the-bigger-picture-of-adani-hindenburg/
- 2 Feb 2023