Tag: HindenbergReport
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Adani Group Stocks Plummet 17% Amidst Latest Hindenburg Report !
In summary, Shares of the Adani group experienced a decline of up to 17% during early trading on Monday, following new allegations made by the US-based short-selling firm Hindenburg Research. On Saturday, Hindenburg Research asserted that whistleblower documents indicate that Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (Sebi), held…
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Hindenburg Doubles Down: SEBI Chief Madhabi Buch’s Response Confirms New Developments
The allegations from the U.S. short-seller emerged shortly after Sebi and Buch, along with her husband, strongly refuted claims of favoritism towards business magnate Gautam Adani and his enterprises. In a joint statement, the Buchs characterized the accusations as “unfounded allegations and insinuations” lacking any basis in reality. Hindenburg, which has been engaged in a…