February 6, 2023
The Short Seller Costing the Adani Group Billions
by The Journal
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Gautam Adani is ubiquitous in India. His energy and infrastructure conglomerate, the Adani Group, touches the lives of millions of Indians on a daily basis. But last month, Hindenburg Research, a U.S. short seller, alleged that the company was engaged in wide-ranging fraud. WSJ’s Shan Li explains a fallout that has cost Adani billions.
Further Reading:
- How Gautam Adani Made (and Could Lose) a $147 Billion Fortune
- Adani Plans $1.1 Billion Loan Repayment After Share Collateral Plummets
Further Listening:
- The Firm Tanking Some of Wall Street's Hottest Stocks