Topic: Hindenburg Research
Gautam Adani lost over Rs 4 lakh crore in a week
Gautam Adani has seen his fortune shrink by $51.7 billion in the past week as his group of companies have had to battle against allegations of stock manipulation and fraud raised by U.S.-based Hindenburg Research, reported Forbes.
“Fraud cannot be obfuscated by nationalism”: Full text of Hindenburg’s reply to Adani
Fraud cannot be obfuscated by nationalism or a bloated response that ignores every key allegation we raised, Hindenburg Research said on Monday soon after Gautam Adani group likened the damaging allegations by the US institute to a “calculated attack” on India.
Adani Group is no ordinary conglomerate: it is closely identified with PM Modi
Normally a political party should not be reacting to a research report on an individual company or business group prepared by a hedge fund. But the forensic analysis by Hindenburg Research of the Adani Group demands a response from the Congress party. This is because the Adani Group is no ordinary conglomerate: it is closely identified with Prime Minister Narendra Modi since the time he was Chief Minister.
Adani Group loses Rs 2 lakh crore in market cap days after Hindenburg report
The Adani group lost nearly Rs 2 lakh crore in market capitalisation in early trading hours on Friday, taking the overall decline in its market capitalisation to over Rs 2.75 lakh crore since Tuesday’s closing.
“We asked 88 straightforward questions. Adani has answered one of these”: Hindenburg
Hindenburg Research said on Thursday that Adani hasn't addressed a single substantive issue they raised in their report.
