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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