Adani Group stocks lose ₹46,000 crore in market cap after Hindenburg alleges fraud
- Hindenburg Research in its recent report claimed that the Indian giant Adani Group had participated in a clear stock manipulation and accounting fraud scheme over the course of decades.
Shares of Adani Group companies were trading in the red zone on Wednesday following a report by Hindenburg Research that claimed that the Indian giant had participated in a clear stock manipulation and accounting fraud scheme over decades.
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