Tag: hindenburg research

Nine months after the US short seller Hindenburg Research flagged a 85 per cent downside in Adani shares, Adani Total Gas has become the first of the group’s seven listed companies to achieve that valuation. The shares of the conglomerate’s city-gas distributor slid as much as 2.6 per cent to 575.7 rupees on Monday, taking losses from their January 24 closing of 3,891.75 rupees to 85 per cent. While shares and bonds of some Adani companies have since recovered, particularly after the ports-to-power group received investments from GQG Partners,...