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India's Second Richest Man's Conglomerate, Rattled By Hindenburg Research's Damning Report In 2023, Adds Over $5.9 Billion After Short Seller Shuts Shop
Thursday, January 16, 2025 - 5:32am | 569Shares of Adani group companies rose and added over $5.9 billion to investor wealth on Thursday, following the shutdown of the short-seller Hindenburg Research, as announced by its founder Nathan Anderson in a farewell note on Wednesday. What Happened: Around ten listed companies owned by the...
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India's Adani Calls Off $2.5B Share Sale — Bill Ackman Gets Suspicious About Offering
Wednesday, February 1, 2023 - 11:23pm | 676Indian conglomerate Adani Group’s flagship company Adani Enterprises has called off its $2.5 billion share sale, also known as a follow-on public offer, according to a statement issued by the firm to exchanges on Wednesday. What Happened: The board decided not to go ahead...