Hindenburg stands by its report on Adani Group
Hindenburg Research, the US-based short-seller that has accused the Adani Group of improper use of offshore tax havens, said on Thursday it fully stands by its report and would welcome legal action, the statement coming after the conglomerate led by Gautam Adani said it was evaluating “remedial and punitive action”. “If Adani is serious, it should also file suit in the US, where we operate. We have a long list of documents we would demand in a legal discovery process,” Hindenburg said in a state...