February 6, 2023

The Short Seller Costing the Adani Group Billions

by The Journal

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 

Where to Listen