Reply To: What’s Next for Adani Group After Short Seller Hindenburg Report Wipes Out Over $50 Billion in Market Value

30 Jan '23 at 8:01 am #52427

Participant

Hindenburg responded within hours, saying that Adani Group’s rebuttal stoked nationalist sentiment and failed to adequately address the issues it had raised. The firm has bearish bets on the conglomerate via U.S.-traded bonds and derivatives that aren’t traded in India.

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