Hindenburg shorts India’s Adani Group, flags debt and accounting issues

BENGALURU, Jan 25 (Reuters) – Hindenburg Research said on Wednesday it holds short positions in Indian group Adani, accusing the conglomerate of extensive and abusive use of entities based in offshore tax havens and raising concerns about the level high debt. The report, which comes days before a $2.5 billion share offering by flagship Adani …

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