Adani shares fall as short seller firm Hindenburg announces short position
Publishing timestamp: 2023-01-25 01:03:01
Summary
Short seller firm Hindenburg accused billionaire Gautam Adani of engaging in "brazen" stock manipulation and accounting fraud. Adani-affiliated stocks fell in early hours of trading session in Mumbai. Hindenburg also alleged Securities and Exchange Board of India was lax in its investigation of Adani's offshore funds. Since becoming billionaire in 2008 Adani is now one of richest people in world with $119 billion fortune. In August, company sought hostile takeover of Indian media group NDTV.
Sentiment: NEGATIVE
Tickers: ADANIPORTS-IN, ADANITRANS-IN, ADANIPOWER-IN,
Keywords: adani port and special economic zone ltd, business news, breaking news, breaking news: asia, world markets,
Source: https://www.cnbc.com/2023/01/25/adani-group-hindenburg-short-position.html