Nathan Anderson, the founder of the US-based short-selling firm Hindenburg Research, has shared insights into why his firm launched its investigation into the Adani Group and the eventual closure of the research firm. In an interview with news agency PTI, Anderson revealed that the decision to scrutinize the Adani Group was prompted by "red flags" highlighted in media reports.
Read More »“Adani Total Gas Sees 85% Stock Plunge, Confirming Hindenburg’s Valuation Concerns”
Adani Total Gas Ltd. experiences an 85% stock valuation decline, confirming the earlier concerns raised by US short seller Hindenburg Research. Despite recent investments in other Adani companies, the city-gas distributor faces headwinds due to New Delhi's EV conversion policy.
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