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Adani Group to sue Hindenburg Research for 'malafide, mischievous' report

Content Team
Image Credit: FPJ

A report by US-based financial research firm Hindenburg with claims that Adani’s unreal rise is based on a sham with inflated stocks and massive debt shook the company and the stock market. The claims by these reports have led to a 10 per cent crash in the prices of the Adani Group stock market, which wiped off more than Rs 46,000 crore from the group's market cap.

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