Reported 2 months ago
Adani Group's stocks fell sharply following accusations from Hindenburg Research against India's top market regulator, alleging conflicts of interest that hindered a thorough investigation into fraud claims. Shares of Adani Enterprises and Adani Energy Solutions dropped significantly, contributing to a broader decline in the conglomerate's market value. These developments come amid escalating tensions following a previous report by Hindenburg that prompted a severe selloff, wiping out over $150 billion in value.
Source: YAHOO