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Hindenburg Research is a US-based short seller that has accused the Adani Group of financial irregularities and wrongdoing. The Adani Group has denied the allegations, and the Supreme Court dismissed them in March 2023. However, Hindenburg's report caused a sharp decline in the stock prices of Adani Group companies.
Here are some details about the Hindenburg Research report and the Adani Group's response:
Hindenburg's report
Hindenburg's report alleged that the Adani Group was involved in financial irregularities and stock price manipulation. The report also accused SEBI chairperson Madhabi Puri Buch and her husband, Dhaval Buch, of having stakes in offshore funds linked to Adani.
Adani Group's response
The Adani Group has denied the allegations, calling them "malicious, mischievous, and manipulative". The group has also said that the allegations are based on discredited claims that have been thoroughly investigated and dismissed by the Supreme Court.
Hindenburg's other targets
Hindenburg Research has also targeted other well-known companies, including:
Nikola
Clover Health
Block Inc
Kandi
Lordstown Motors
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suzlon energy share target 71₹ l Ntpc green energy news l suzlon energy share latest news

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