Adani Says Hindenburg Report Is ‘Calculated’ Fraud: Document
Signage of Adani Group in Mumbai, India, on Friday, Jan. 27, 2023. Shares of Adani Group’s companies have lost more than $30 billion in market value in less than two sessions, as a selloff sparked by US short seller Hindenburg Research’s scathing report deepened on Friday. Photographer: Indranil Aditya/Bloomberg
, Bloomberg
Andrew Davis, Bloomberg News
(Bloomberg) -- Adani Enterprises Ltd. said that Hindenburg Research committed “calculated securities fraud” when the short seller released a report on the conglomerate just days before it launched India’s biggest ever primary follow-on public offering.
Here is the full text of the Adani document.
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