What is Adani Hindenburg report | true or false ?

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Try to find our answer keep reading this article

Adani face allegations of stock manipulation and accounts fraud from new York based investor , Hindenberg research is a news company they put pressure on Indian business man and its 60 year old founder . Gautam adani become Asia’s richest man last year and was 2^nd in world after Elon musk unlike musk adani is relatively unknown outside his home nation here are some basic info about him

Who is Gautam adani ? net worth ?

Adani was born to a small middle class texticle merchant family in 1962 in western industrial state of Gujrat he drop his university and business of diamond sorting for firm in financial hub of Mumbai he later imported material used in manufactured goods in mid 1990s he was managing mudra port currently he owning his net worth is struggling nowadays after Hindenburg report published on jan 24 his stocks falling but after all of this he is able to manage himself in top 10 on bloomberg billionaires index as of late January

How is adani making ?

If we talk how adani make money adani group today acquired and comprises more than half a dozen major companies with different sectors from energy , fmcg to transportation and infra its india’s largest port operator and able to manage some other countries biggest airports adani enterprise the group listed in its home country reported $9.3 billion in sales in year through march 2022

What are the adani major entities

Adani green energy ltd (renewable power generation)

Adani enterprises ltd (coal mining and trading)

Adani transmission ltd (power transmission)

Adani total gas ltd (gas distribution)

Adani power ltd (power generation by coal fire)

Adani wilmer (foods and edible oil manufacturing)

Adani group also involved in real state business the firm named shadow banking under adani tag adani capital and food business via Singapore based wilmer international ltd above mentioned

Political connection of adani?

In india from opposition to local media against adani ? because its seems close to prime minister Narendra modi who also hails Gujrat state than any other Indian billionaire some times the reason suits and opposition get chance to criticize them but adani strategy is different from Modi’s effort to develop india $3.2 trillion economy when Modi announce reliable electricity for Indians Adani doubled down power production In 2021 adani began construction of major port facility in srilanka officials from both countries said plan is extend by Modi government which is also helps to curb Chinese influence in island nation whether its expressway or infrastructure whatever the policy priority

Why did adani shares are falling ?

Adani roughly loses $50billion from market after hindenberg report by Nathan Anderson issued 100 page report containing allegations of stock manipulation and accounting fraud adani group dismissed the report as “maliciously mischievous” and said its exploring legal action as well as preparing a detailed rebuttal.

What is Hindenburg research ?

Anderson’s firm a research and trading outfit not a hedge fund with outside investors is less than five years old and wagers have its own money in market even in Manhattam financial circles Anderson is hardly a big entity according to its wesite it first attached wall street attention in 2020 for raising serious questions about Nikola Corp and Landstown motors corp.

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(disclaimer- this post contain data from other sources too )