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Reports of Adani’s eclipse are greatly exaggerated — M.K. Bhadrakumar

Summary:
The matter has gone to India’s Supreme Court via a public interest litigation seeking probe against Hindenburg “for exploiting innocent investors.” Interestingly, Hindenburg also holds short positions in Adani companies through US-traded bonds and non-Indian-traded derivative instruments. Hindenburg’s actions have been controversial. The firm’s financial model involves identifying “bad” firms, investing to profit from the company’s price collapsing, and then publishing a negative report about the company....India PunchlineReports of Adani’s eclipse are greatly exaggeratedM.K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.

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The matter has gone to India’s Supreme Court via a public interest litigation seeking probe against Hindenburg “for exploiting innocent investors.” Interestingly, Hindenburg also holds short positions in Adani companies through US-traded bonds and non-Indian-traded derivative instruments.

Hindenburg’s actions have been controversial. The firm’s financial model involves identifying “bad” firms, investing to profit from the company’s price collapsing, and then publishing a negative report about the company....

India Punchline
Reports of Adani’s eclipse are greatly exaggerated
M.K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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