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Hindenburg Research

Hindenburg Research latest

Adani Group cancels FPO
February 1st, 2023 - 09:45 GMT

Adani Group cancels $2.5 billion follow-on public offering

ALBAWABA — India's Adani Group cancelled a $2.5 billion follow-on public offering on Wednesday with its chairman saying it would not be "morally correct" to continue after the group's flagship firm's share price slumped even further. The group has suffered a five-day rout following explosive allegations of accounting fraud, among other issues, by United States-based short-seller Hindenburg Research. The allegations wiped out over $92 billion from the value of the ...
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Adani fraud allegations tumble shares
January 29th, 2023 - 08:10 GMT

Fraud allegations send India’s Adani Group shares tumbling

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