U.S.-based short-seller Hindenburg Research severely criticised Indian conglomerate Adani in a Jan. 24 report ahead of its flagship company's $2.5 billion share sale, triggering a $70 billion rout in the group's domestically listed stocks and a sell-off in its bonds listed overseas.
The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit DaveIndian conglomerate Adani in a Jan. 24 report ahead of its flagship company's $2.5 billion share sale, triggering a $70 billion rout in the group's domestically listed stocks and a sell-off in its bonds listed overseas.
It released a report alongside that accused the conglomerate of improper use of tax havens and flagged concerns about its debt levels.The Adani group has called the report baseless and termed the allegations "unsubstantiated speculations".No. India's capital markets regulator, the Securities and Exchange Board of India, has investigated some of these issues over the past year following local media reports.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia's richest man, Gautam Adani, accuses short-seller Hindenburg of attacking IndiaIndia's Adani Group, run by Asia's richest man, has hit back at a report from U.S.-based short-seller Hindenburg Research, calling it 'malicious,' 'baseless' and full of 'selective misinformation.'
Read more »
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.
Read more »
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.
Read more »
Adani responds to Hindenburg report, but stocks continue descent By Investing.com*INDIAN BILLIONAIRE ADANI RESPONDS TO HINDENBURG REPORT, BUT STOCKS CONTINUE SELLOFF 🇮🇳🇮🇳
Read more »
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
Read more »
Everything you need to know about the Adani-Hindenburg face-offEverything 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
Read more »