Hindenburg report was 'targeted misformation' to earn profit: Adani

In a scathing attack on Hindenburg Research, Adani Group Chairman Gautam Adani said the report, which accused the conglomerate of stock manipulation and financial irregularities, was a combination of "targeted misinformation and discredited allegations" aimed at harming the conglomerate's reputation. Adani claimed in its annual report that Hindenburg gained huge profits after the shares of the Adani Group fell drastically.