After Hindenburg's report alleges 'accounting fraud', Adani calls it 'malicious attempt'
Shortpedia
Content Team
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Shares of Adani Group companies dropped drastically, after well-known US investment research firm, Hindenburg Research LLC revealed that it was shorting the empire's stocks and accused companies held by Asia's richest man of "brazen" market manipulation and accounting fraud. Adani Enterprises Ltd. and Adani Ports and Special Economic Zone Ltd. dropped as much as 2.5% and 5% respectively on Tuesday after the Hindenburg report.
