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Gautam Adani published a 413-page rebuttal after allegations of fraud by short seller Hindenburg Research erased $51 billion of his flagship firm’s market value. Some 65 of the 88 questions posed by Hindenburg are based off Adani’s public disclosures and the conduct of the American short seller “is nothing short of a calculated securities fraud under applicable law,” Adani ....
The Adani Group CFO put up a confident front, stating that the follow-on public offer (FPO) of flagship Adani Enterprises will continue as scheduled ....
Editor s note: This series was produced in partnership with the Pulitzer Center. The story contains footnotes marked with asterisks < click here Singrauli, Madhya Pradesh: For. ....