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Adani Group stocks fall up to 7% on Hindenburg report; investors lose Rs 53,000 crore
Credit: IndiaTimes- Published on August 12, 2024
Shares of Adani Group companies fell up to 7% following allegations against Sebi chief Madhabi Buch in the Adani-Hindenburg controversy. The market capitalization of Adani's 10 stocks dropped significantly, resulting in investor losses.
Video credit: Oneindia
Published on August 11, 2024 - 03:27
Adani-Hindenburg Saga: Adani Group Slams Latest Hindenburg Report as ‘Malicious’ and ‘Mischievous’
The Adani Group has fiercely rejected the latest allegations from Hindenburg Research, labeling them as malicious, mischievous, and manipulative. In a statement to the stock exchanges, the group defended the transparency of its overseas holding structure. Concurrently, SEBI Chairperson Madhabi Puri Buch and her husband, Dhaval Buch, have dismissed the Hindenburg report as ‘baseless,’ ‘devoid of any truth,’ and an attempt at ‘character assassination.’
#AdaniHindenburgSaga #AdaniGroup #HindenburgReport #SEBICHAIRPERSON #MADHABIPURIBUCH #ONEINDIA #ONEINDIANEWS
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