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Adani Group Shares Drop Following Hindenburg Report Accusing SEBI Chair of Conflicts of Interest
Shares of Adani Group companies experienced a significant decline on Monday following a new report by U.S. short-seller Hindenburg Research. The report alleges that Madhabi Puri Buch, chair of India’s Securities and Exchange Board (SEBI), had conflicts of interest that hindered a thorough investigation into fraud claims against the Adani Group. BREAKING NEWS 🚨 Hindenburg Report Adani Group share drop 7% stock market falls .#sharemarket #Modani #Hindenberg #HindenburgReport pic.twitter.com/tR7DLeT9Jx — Anindya Das (@AnindyaDas1) August 12, 2024 On Monday, the Adani Group’s market value dropped by approximately $2.4 billion, although it rebounded from an initial fall of up to $13.4 billion…