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16.02 - 15:56
Adani Group responds to Hindenburg allegations in 412-page report amid stock rout
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fnlondon.comThe namesake conglomerate of India’s richest man, Gautam Adani, fired back at an American short seller, but the group’s 413-page response didn’t stop a slide in the shares and bonds of its companies on 30 January.
On 29 January, the energy and infrastructure group released a strongly worded document addressing the allegations of fraud and misconduct put forth last week by Hindenburg Research. The New York-based firm, which was founded by Nathan Anderson, alleged that stock manipulation and questionable business and accounting...
Read more on fnlondon.comAbout this in other media
MSCI delays weighting cuts for two Adani companies, cites 'replicability' concerns cnbc.com /1 year ago
Adani’s flagship business reports profit amid ‘temporary’ volatility fnlondon.com /1 year ago
Wall Street’s frozen IPO market is thawing as companies take advantage of stock rally cnbc.com /1 year ago
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