Adani-Hindenburg Report

Category : Business and economics Published on: May 24 2023

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The Supreme Court on May 19 made public the report of the court-appointed expert panel in the Hindenburg-Adani row case.
The report states that the Adani group has disclosed all beneficial owners.
There is no allegation that SEBI is rejecting the declaration of beneficial owners of Adani.
Adani's retail stake has increased after the Hindenburg report.
American short-selling firm Hindenburg issued a report on January 24, 2023, calling Adani Group companies overvalued and alleging manipulation of accounts.
However, Hindenburg's allegations were rejected by the Adani Group.
But the opposition created a ruckus about this issue and when the matter reached the Supreme Court, the Supreme Court had constituted a special committee to investigate.