"In a matter of days, over USD 100 billion of our market value was erased, not because any fundamentals had changed, not because facts had failed, but because a totally false story had been weaponised," Adani said.
After the Securities and Exchange Board of India (SEBI) gave a clean chit to the Adani Group on all charges levelled by Hindenburg Research, Political analyst Tehseen Poonawalla on Friday slammed the now-defunct US-based short-seller, calling it "a hyena that wanted to create a bloodbath in
Adani Group stocks demonstrated resilience, with the group's market capitalisation down a mere 1.8 per cent, outperforming the broader Nifty's 0.7 per cent dip. Adani Enterprises saw a 1.9 per cent decline, while ACC fell just 0.3 per cent.
Hindenburg Research, the US-based short seller, has announced its decision to shut down operations, sparking a heated debate among experts. Founder Nate Anderson cited a desire to step back from the intensity of his work and focus on other aspects of life.
The founder of the US-based short seller Hindenburg Research, Nate Anderson, announced on Thursday that he has decided to close down the operations of his investigative firm.
The founder of the US-based short seller Hindenburg Research, Nate Anderson, announced on Thursday that he has decided to close down the operations of his investigative firm.
On Hindenburg Research's disbanding, Senior Advocate Mahesh Jethmalani said, " Either he has already been sounded out by investigating authorities in the US or he fears that he will be investigated for his role in the attempt to shake India's economy by bare hammering of Adani shares."
Congress MP Jairam Ramesh on Thursday stated that the closure of Hindenburg Research doesn't mean a clean chit for the Adani Group. He believed the matter goes far deeper, involving abuse of Indian foreign policy, misuse of investigative agencies, and capture of institutions like SEBI.
Rajya Sabha MP and Senior Advocate Mahesh Jethmalani on Thursday alleged that Hindenburg Research's disbanding signals deeper implications, suggesting possible scrutiny by U.S. authorities or fear of investigation for its role in targeting Adani Group shares.