Everything you need to know about Gautam Adani and Hindenburg after the short seller's fraud allegations burnt a $72 billion hole in the richest Asian's empire
published Sunday where it said Hindenburg's actions were"rife with conflict of interest and intended only to" enable the short seller"to book massive financial gain", and represented an"attack on India".
Shares in Adani Group's seven listed companies have plummeted since Hindenburg's report was published, erasing just under $72 billion in market value."Adani Group's response speaks volumes,"Gautam Adani, Asia's richest person, derives most of his wealth from stakes in the listed companies – so his net worth has plunged considerably since Hindenburg's report was published.
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Hindenburg report crushes Adani empire: $52 billion evaporate in a weekU.S. investor Hindenburg Research has released a report and a statement accusing Indian conglomerate Adani Group of being the “biggest con in corporate history.'
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Adani Group: Hindenburg report intended to create false marketIndia's Adani Group said on Sunday that a Jan. 24 report by short seller Hindenburg Research that led to a $48 billion rout in its stock was intended to create a false market to enable the short seller to book gains.
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Adani hits back at Hindenburg, says it made all disclosuresThe Adani Group issued a blistering riposte to a Hindenburg Research report that prompted a $48 billion rout in its stocks and marked a dramatic setback for Gautam Adani ahead of a major share sale.
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Adani responds to Hindenburg report, but stocks continue descent By Investing.com*INDIAN BILLIONAIRE ADANI RESPONDS TO HINDENBURG REPORT, BUT STOCKS CONTINUE SELLOFF 🇮🇳🇮🇳
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Adani market cap plunge deepens to $72 billion as Hindenburg face-off escalatesAdani market cap plunge deepens to nearly $72 billion even after the conglomerate issued a 413-page rebuttal to short-seller Hindenburg
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Who is Gautam Adani? Asia’s richest man is rocked by fraud claims.The Indian energy billionaire and Narendra Modi ally denied charges leveled by Hindenburg Research, which triggered a massive sell-off of Adani company shares.
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