Adani Group: Hindenburg report intended to create false market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

India's Adani Group said on Sunday that a Jan. 24 report by short seller Hindenburg Research that led to a $48 billion rout in its stock was intended to create a false market to enable the short seller to book gains.

"This is rife with conflict of interest and intended only to create a false market in securities to enable Hindenburg, an admitted short seller, to book massive financial gain through wrongful means at the cost of countless investors," Adani said in 413-page response late on Sunday.

"All transactions entered into by us with entities who qualify as ‘related parties’ under Indian laws and accounting standards have been duly disclosed by us."Our Standards:

 

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

Korea japan endless levatos

every thief says they didnt so it. Adani following same route.

Hidenburg short sellers hai paise kama liye Ab use koi fark nai padta Western countrys ka hamaesa aisa rule raha hai

Lmfao

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:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

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

Fraud claims wipe $48B off India's Adani Group stocksShares of Gautam Adani's business empire sink nearly 20 percent as scathing report by Hindenburg Research ignites rout in conglomerate's listed firms, casting doubts on how investors will respond to company's record $2.45 billion secondary sale. …hindenburg research…! …you cant make this stuff up…
Source: trtworld - 🏆 101. / 63 Read more »