Adani Group on Thursday stated that its shareholders and traders have been adversely impacted by the Hindenburg Analysis report that said that the conglomerate engaged in accounting fraud and inventory manipulation for many years. In an announcement by Jatin Jalundhwala, Group Head – Authorized, Adani, stated the volatility in Indian inventory markets created by the report is of nice concern. It additionally stated that short-seller Hindenburg will profit from a slide in Adani shares.
The conglomerate added that it’s contemplating authorized motion towards Hindenburg for its damaging report.
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