Hindenburg ने Adani ग्रुप पर लगाया अकाउंटिंग फ्रॉड का आरोप, रिपोर्ट से मचा हड़कंप https://www.youtube.com/watch?v=8O6bhFAsnxY
Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge
By Chris Thomas and Aditya Kalra https://www.reuters.com/markets/asia/hindenburg-says-holds-short-positions-indias-adani-flags-risks-2023-01-25/ Its scathing research report questioned how the Adani Group has used offshore entities in offshore tax havens like Mauritius and the Caribbean Islands, adding that certain offshore funds and shell companies tied to the Adani Group "surreptitiously" own stock in Adani listed firms.
It also said key listed Adani companies had "substantial debt" which has put the entire group on a "precarious financial footing" and asserted that shares in seven Adani listed companies have an 85% downside on a fundamental basis due to what it called "sky-high valuations".
Adani Group says allegations made in Hindenburg report 'stale and baseless' https://www.business-standard.com/article/companies/adani-group-says-allegations-made-in-hindenburg-report-stale-and-baseless-123012500772_1.html Hindenburg Research said that it was shorting Adani group's stocks and accused the firms of 'brazen' market manipulation and accounting fraud January 25, 2023
Adani Group said that the Hindenburg Research report was released on January 24 without making any attempt to contact them or verify the facts. It added that the allegations made have already been rejected by the "highest courts" in India.
"The report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India's highest courts. The timing of the report’s publication clearly betrays a brazen, mala fide intention to undermine the Adani Group’s reputation with the principal objective of damaging the upcoming Follow-on Public Offering from Adani Enterprises, the biggest FPO ever in India.
What Does The Hindenburg Report Say? Business Today Editor Siddarth Zarabi Explains!