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New Delhi – India’s Adani Group on Sunday detailed a rebuttal to a Hindenberg Research report that caused its shares to plunge $48 billion, accusing it of complying with all Indian laws and making required regulatory disclosures. announced.
The conglomerate, headed by Indian billionaire Gautam Adani, Asia’s richest person, said last week’s Hindenburg report said it would allow US-based short sellers to book profits without citing evidence. It is an object.
For Adani, 60, the stock market plunge is a dramatic setback for the school dropout who has risen rapidly in recent years to become the world’s third richest man, but Forbes last week ranked 7th on the list of richest people in the world.
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