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Hindenburg report alleging fraud malicious, timed to damage FPO: Adani
short by Pragya Swastik / on 25 Jan 2023,Wednesday
Adani Group responded to the Hindenburg Research report that alleged that the conglomerate engaged in "brazen" stock manipulation and accounting fraud. Adani Group called the report a "malicious combination of selective misinformation and stale, baseless and discredited allegations". It added that the report's timing is aimed at damaging the company's upcoming FPO (follow-up public offering).
short by Pragya Swastik / 02:36 pm on 25 Jan
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