New, big report soon, announces Hindenburg
March 23, 2023  13:49
The Hindenburg report has accused Adani of stock manupulation
The Hindenburg report has accused Adani of stock manupulation
Hindenburg Research, whose report into India's Adani Group triggered a massive sell-off and decline in share prices, says another 'big' report is coming. "New report soon -- another big one," Hindenburg research wrote in a tweet on Thursday, without offering any other details. 

 In January, days ahead of a $2.5 billion share offering by Adani Enterprises, Adani Group stocks saw a steep decline after investment research firm Hindenburg Research published a report accusing the conglomerate of engaging "in a brazen stock manipulation and accounting fraud scheme over the course of decades'. 

Consequently, the Supreme Court noted that in view of the "safety of investors', a committee was to be set up to assess whether the larger regulatory mechanism needs changes.
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