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Adani Group stocks fall up to 7% on Hindenburg report; investors lose Rs 53,000 crore

IndiaTimes Monday, 12 August 2024 ()
Shares of Adani Group companies fell up to 7% following allegations against Sebi chief Madhabi Buch in the Adani-Hindenburg controversy. The market capitalization of Adani's 10 stocks dropped significantly, resulting in investor losses.
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Video Credit: Oneindia - Published
News video: Adani-Hindenburg Saga: Adani Group Slams Latest Hindenburg Report as ‘Malicious’ and ‘Mischievous’

Adani-Hindenburg Saga: Adani Group Slams Latest Hindenburg Report as ‘Malicious’ and ‘Mischievous’ 03:27

 The Adani Group has fiercely rejected the latest allegations from Hindenburg Research, labeling them as malicious, mischievous, and manipulative. In a statement to the stock exchanges, the group defended the transparency of its overseas holding structure. Concurrently, SEBI Chairperson Madhabi Puri...

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