Shares of Adani Enterprises, the conglomerate's flagship, lost 28% in one day on Wednesday and are down 43.5% in market value this year.but Hindenburg has also doubled down on its initial report.
The fallout has rattled the market. The Securities and Exchange Board of India, the country's market regulator, is looking into the massive selloff, as well as any irregularities in the secondary share sale,Adani himself has lost nearly $50 billion in net worth from the stock rout this year so far, costing him the crown as Asia's richest person, per the
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Do your shitty journalists do a proper reporters job amd investigate these allegations, or you're just gonna leave it to the short seller?
They whined their helper