Adani Group to sue Hindenburg Research for 'malafide, mischievous' report
Image Credit: FPJ
A report by US-based financial research firm Hindenburg with claims that Adani’s unreal rise is based on a sham with inflated stocks and massive debt shook the company and the stock market. The claims by these reports have led to a 10 per cent crash in the prices of the Adani Group stock market, which wiped off more than Rs 46,000 crore from the group's market cap.