Hindenburg Research: Just weeks after targeting Indian conglomerate Adani Group, US short-seller Hindenburg has said that it will be releasing a new report soon and promised it to be a ‘big one’. “New report soon—another big one,” Hindenburg Research wrote on Twitter. However, it did not provide any further details on it.
Earlier in January this year, the New York-based firm, run by Nate Anderson, had come up with a report on billionaire Gautam Adani’s group. Following this, the market value of Adani Group and companies saw a decline of more than 150 billion in about five weeks.
Meanwhile, it has become a matter of discussion on the internet as netizens are quizzing over who would be targeted this time. Some users said they expected it to publish a report about the US banking system or a Chinese company this time.
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Hindenburg report on Adani Group
It should be mentioned here that the Adani Group equities have suffered on the stock exchanges after Hindenburg Research levelled a slew of accusations against the corporate behemoth, including illegal transactions and share-price manipulation. However, the Adani Group has denied the accusations, claiming that it abides by all legal and disclosure obligations.