Adani shares mixed after 413-page response to Hindenburg
Shares of Adani Group companies were mixed in early trading Monday after the Indian conglomerate hit back at criticisms by U.S. short seller firm Hindenburg Research in a 413-page rebuttal. Flagship company Adani Enterprises 512599, +3.47% and Adani Ports & Special Economic Zone Ltd. 532921, -0.74% were up 6.8% and 4.8%, respectively, reversing course from […]
Shares of Adani-linked companies slump as Indian conglomerate issues defense to short-seller claims
Stocks of affiliated companies founded by Asia’s richest man Gautam Adani continued to fall in Mumbai markets on Friday, extending a slide after a U.S. short seller published its two-year investigation into the group’s business practices. The shares of flagship firm Adani Enterprises 512599, -18.52% sank as much as 20% and other linked companies saw […]