Adani Group Weighs Legal Action Against Hindenburg After Listed Shares Take Major Hit

Indian conglomerate Adani Group on Thursday said it is mulling legal action against Hindenburg Research, as its listed companies were hit by a market selloff Wednesday after the U.S.-based activist investment firm

against the group’s companies and accused the firm’s founders of engaging in stock manipulation and fraud.... [+]Copyright 2019 The Associated Press. All rights reservedIn an emailed statement, Adani Group Legal Head Jatin Jalundhwala said the company was “evaluating the relevant provisions” under both U.S. and Indian laws for “remedial and punitive action against Hindenburg Research.

Labeling Hindenburg as a “foreign entity,” the statement accuses the investment firm of trying to mislead the public and sabotage its flagship firm Adani Enterprises’ follow-on public offering, set for Friday. All seven of the group’s listed companies carrying the Adani moniker and recent acquisitions NDTV, Ambuja Cement and ACC ended Wednesday in the red.Forbes Valuation

If Adani does file a case and win it. Then Hindenburg gets bankrupt and may be jailed. US has very strict laws. Justice must be served

SHAME on American News & research agencies for their try to demolish image of institutes across globe like nytimes washingtonpost TIME HindenburgRes & co.

Please take him down.

There is already a plan sketched out to drive away the attention of people this and Modi documentary. They released news that said india is changing indus river water treaty with Pakistan. And nothing distracts indians more than Pak bashing

Everyone knows he is a crook in india, but since he funds a political party, he is off limits from every institution. The Hindus believe that the hindu might remain they need money, but they forget that it is they who are bein fckd and they feel pride in it.

He will do no such thing because a court will bring even more things to the fore though discovery adanigroup courts in US probably have more integrity and atleast not as casteist as indian judiciary

If the investigation is in India, verdict is predictable.

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Adani Group Weighs Legal Action Against Hindenburg After Listed Shares Take Major HitThe group’s founder Gautam Adani dropped to fourth on Forbes' list of the world’s richest people, as the conglomerate’s listed companies continue to be hit by a selloff. Hindenburg also wants them to take legal action. What a threat ! But Truth is powerful
Source: Forbes - 🏆 394. / 53 Read more »

Adani Group says it's exploring legal action against HindenburgAdani Group says it's exploring 'remedial and punitive' legal action against a short-seller who accused it of market manipulation and fraud I hope the Adani’s have their file in order for they will have to counter the claims of Hindenburg research with some valid points. Simply accusing them of witch hunting and shorting will not help in the international forum. These things work in India only.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Adani Group threatens legal action against Hindenburg Research over ‘largest con’ claimsAdani Group said Hindenburg’s allegations had caused “unwanted anguish for Indian citizens.” Hindenburg has a very good record. I'd much rather believe them than not. AdaniGroup is, in fact, making massive investments in the country and providing jobs for tens of thousands of locals. Growing the economy and making new jobs available should be prioritised over nitpicking over details. So who was AdaniGroup trying to con? how many persons lost money in the process? Will HidenburgRes reveal?
Source: nypost - 🏆 91. / 67 Read more »