Hindenburg's Allegations Are a Big Test for the Adani Group

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Hindenburg is known as a short seller. So it bets against companies and profits when a stock falls. Its research came out two days before one of Adani group's companies launched a big share sale. The Adani group claims that was designed to affect the follow-on share sale they were launching on Friday. Ben says Hindenburg's accusations are a big test for the Adani group.

India’s Adani Group has published an angry rebuttal of allegations of wrongdoing by short seller Hindenburg Research that wiped more than $50bn from its value last week, central banks prepare to lift interest rates to 15-year highs as investors’ jitters grow, and Walt Disney is bracing for a proxy battle with activist investor Nelson Peltz’s push for a board seat.

Mentioned in this podcast:

Adani rebuttal of short seller critique claims ‘calculated attack on India’

Central banks prepare to lift interest rates to 15-year highs as investors’ jitters grow

Peltz fixates on $71bn Fox deal in fight against Disney and Iger

CNBC: Nelson Peltz lays out his case for Disney proxy fight, slams Fox acquisition

The fight for Disney

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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