Tag: hindenburg’s

Bill Ackman says Hindenburg’s Adani chronicle ‘highly credible’

Jan 28, 2023

Global Business Line Team

Category Banking, Banking & Finance, Business, Business & Economy, Business Line

Billionaire US investor Bill Ackman acknowledged on Thursday that he stumbled on short-seller Hindenburg Research’s chronicle on India’s Adani Crew “highly credible and extraordinarily well researched”. Shares in seven listed crew companies of Adani misplaced $10.73 billion in market capitalisation in India on Wednesday after the US short-seller launched the chronicle, which accused the conglomerate…