Adani-Hindenburg Report

Adani-Hindenburg Report

Daily Current Affairs   /   Adani-Hindenburg Report

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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.
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