Pershing Square CEO Bill Ackman said Hindenburg Research’s report about Gautam Adani’s corporate empire Adani Group is "highly credible" and "extremely well-researched".

In a 27 January post on Twitter, Ackman backed the 24 January report from the New York-based activist short-selling firm founded by Nathan Anderson.

Ackman's public response...

Hedge fund billionaire Bill Ackman says Hindenburg’s report about India’s Adani Group is ‘highly credible’

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Bill Ackman sees potential ‘rigging’ in Adani’s share sale