Hindenburg says Adani Group's response 'largely' confirmed findings

Hindenburg Research said on Sunday that Adani Group's 413-page response to its report "largely confirmed" the short-seller's findings.

Hindenburg continues to short Adani Group through its U.S.-traded bonds and non-Indian-traded derivative instruments. "...we note that the core allegations of our report – focused on numerous suspect transactions with offshore entities – were left completely unaddressed," Hindenburg said.

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