Hindenburg effect! Adani group stocks plunge up to 17%; AESL, AGEL, ATGL lead fall
The cumulative market capitalisation of 10 Adani Group stocks dropped by up to ₹55,000 crore to ₹16.5 lakh crore.
The cumulative market capitalisation of 10 Adani Group stocks dropped by up to ₹55,000 crore to ₹16.5 lakh crore.
Investors may also like to take note of the disclaimer that states that readers should assume that Hindenburg Research may have short positions in the securities covered in the report, says SEBI.
Responding to Hindenburg's latest allegations, the Gujarat-based conglomerate termed them as “malicious, “mischievous” and “manipulative”.
Hindenburg Research against whom SEBI has taken an Enforcement action and issued a show cause notice has chosen to attempt character assassination in response to the same, says Madhabi Puri Buch.
"The seeming complicity of the highest officials of the land can only be resolved by setting up a JPC," says Congress leader Jairam Ramesh on Hindenburg Research allegations.
U.S.-based short seller alleges that the duo had "hidden stakes" in same offshore Bermuda and Mauritius funds, found in same complex nested structure, used by Vinod Adani
The bank has clarified that Hindenburg Research was never a Kotak Mahindra International Limited (KMIL) client nor an investor in K- India Opportunities Fund Ltd.
Hindenburg says SEBI notice an attempt to silence and intimidate those who expose corruption by most powerful individuals in India
Hindenburg report was designed to cause maximum damage and erode Adani Group's 'hard-earned' market value, says Gautam Adani
SEBI tightens short selling. SC seeks “probe” and “suitable action” if it violates the law and causes loss to investors, together putting a virtual ban on it