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Adani business emerges on top a year after Hindenburg saga

The Indian billionaire Gautam Adani has shown improvement on several metrics related to company fundamentals, one year after a study by US-based short-seller- Hindenburg report Adani, accusing the Adani Group of fraud and u201cbrazenu201d manipulation of stock prices. The conglomerate disputes the charges and even came out clean in Supreme Court hearings.

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Adani business emerges on top a year after Hindenburg saga

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  1. ADANI BUSINESS EMERGES ON TOP A YEAR AFTER HINDENBURG SAGA

  2. The Indian billionaire Gautam Adani has shown improvement on several metrics related to company fundamentals, one year after a study by US-based short-seller- Hindenburg report Adani, accusing the Adani Group of fraud and "brazen" manipulation of stock prices. The conglomerate disputes the charges and even came out clean in Supreme Court hearings.

  3. With such developments, many people are betting that the Adani enterprise will be big again soon. According to Chakri Lokapriya, Managing Director of RedStrawBerry LLP in Chennai, "both institutional and retail investors have found greater comfort" as a result of the Supreme Court's decision to not involve a special investigation team(SIT) into the matter.

  4. The leaders of the Adani Group were left exposed to margin calls on their pledged shares as the price plummeted in response to Hindenburg report Adani, which caused a market value erosion of tens of billions of dollars. While significantly reducing their committed assets, Adani and his family paid $2.15 billion.

  5. New high-profile supporters have helped Adani Enterprises Ltd. grow its investor base, even if the $2.5 billion share sale that was shelved due to the Hindenburg report Adani was a significant setback.

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