Meanwhile, Credit Suisse and Citigroup have stopped accepting securities of Adani Group as collateral for margin loans.

Till January 23, Gautam Adani was the third-richest man in the world. Today, he is ranked 16th globally.

Hindenburg said that the Adani Group failed to address its specific questions.

The Adani Group on Sunday issued a point-by-point rebuttal to the 88 questions raised by New York-based Hindenburg Research in a report last week while calling the firm’s actions as  a “calculated attack on India”, its institutions and the India “growth story”. “This is not merely an unwarranted attack on any specific company but a […]

The net asset of Gautam Adani – who once held the prestige of becoming the world’s second-richest person – is now pegged at USD 96.5 billion, according to Forbes.

Party asks the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to investigate the allegations

Market analysts have predicted a bearish outlook for the Adani Group shares.

The firm said it spoke to former senior executives of the Adani Group, reviewed thousands of documents, and conducted diligence site visits in almost half a dozen countries to prepare the report.

Group terms Hindenburg Research report as ‘maliciously mischievous, un-researched’

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