Adani Group Stocks Add to Losses From Hindenburg Research Attack As Company Weighs Legal Action Against Short Seller Firm

Shares of listed companies of Adani Group has taken a massive hit adding to their losses from Wednesday when US short-seller Hindenburg Research launched an attack on the Ahmedabad based company. Though Adani Group has refuted the reports by US short seller firm but shares of seven listed Adani companies and two cement companies owned by the group tanked sharply on Friday. Gautam Adani-Owned Companies Lose Almost $45 Billion in Market Value After Selloff Sparked by Hindenburg Report on Adani Group.

Adani Group Shares Take Massive Hit:

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