The concerned report is from US-based Hindenburg Research that surfaced on January 24 and claimed that the Adani Group had weak business fundamentals, and was involved in stock manipulation and accounting fraud, among others.
A report by a US-based Hindenburg Research surfaced on January 24, claiming that the Adani Group had weak business fundamentals, and was involved in stock manipulation and accounting fraud, among others.
This comment by the SBI chief comes almost a week after a report by a US-based Hindenburg Research, which claimed the Adani Group of having weak business fundamentals, allegations of stock manipulation and accounting fraud, among others
Jatin Jalundhwala, Group Head for Legal, Adani, said, "We (the Group) are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research."