Rout in Adani Stocks, Bonds Continues; Conglomerate Trades Barbs With Short Seller

  • 📰 WSJ
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The namesake conglomerate of India’s richest man, Gautam Adani, fired back at an American short seller, but the group’s 413-page response didn’t stop a slide in the shares and bonds of its companies

The namesake conglomerate of India’s richest man, Gautam Adani , fired back at an American short seller, but the group’s 413-page response didn’t stop a slide in the shares and bonds of its companies on Monday.

On Sunday, the energy and infrastructure group released a strongly worded document addressing the allegations of fraud and misconduct . The New York-based firm, which was founded by Nathan Anderson, alleged that stock manipulation and questionable business and accounting practices had caused the market valuation of Adani’s key listed companies to appreciate sharply over the past few years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The govt is capable of renaming india as adani to prove his point tht 'its a attack on India'

Looks like most indian politicians, mps , ministers , opposition's black money is stuck in adanis companies ..every one is silent .. they r in shock . they gone dumb... thet got chocked.. neither they can swallow it nor can vomit ..

The Enron of India?

Will this topple Modi?

All crooks entire Adani crew the CFO is shitting himself

Adani_Is_Not_India India_Is_Not_Adani

realDonaldTrump ARIES & LIBRA HOTELS INDIA PVT LTD JOINT VENTURE TrumpTower KTRBRS Swamy39 I AND CM DR J JAYALALITHAA AND EOW TAMIL NADU LODGED CHARGE SHEETS US BarackObama US VISA MODI RBI LOOTED MY ROYAL FAMILY TREASURY GOLD 1991 $8+$280 TRILLION COVID WARFARE MAHABHARAT

Look at the audacity of western media to call business man as Namesake 😡😡…. Shameless western biased media

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gautam Adani falls to world's eighth richest man as short seller report wipes $72 billion off Adani market valueThe three day sell off in Adani shares has led to billions of dollars being wiped off the Indian conglomerates’ market cap.
Source: MarketWatch - 🏆 3. / 97 Read more »