Hindenburg Research 'Something big soon India': Hindenburg Research hints at new Indian target after Adani Group
New York/IBNS: American investment research firm Hindenburg Research suggested another major revelation involving an Indian company may be imminent.
The New York-based short-selling firm on Saturday (August 10) posted a cryptic message on X (formerly Twitter) stating, “Something big soon India.”
Something big soon India
— Hindenburg Research (@HindenburgRes) August 10, 2024
This comes over a year after Hindenburg Research published allegations against Indian billionaire Gautam Adani's Adani Group, accusing them of insider trading and stock market violations.
The January 2023 report of Hindenburg led to a significant drop in Adani Group stock prices, reportedly causing losses of over $100 billion.
The Adani Group has consistently denied all accusations made in the Hindenburg report, and at the time of its release, the Ahmedabad-headquartered multinational conglomerate dismissed the claims as baseless.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
