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The Adani Group Scandal: What You Need to Know!
Patrick Boyle On Finance
Adani Group - A Con or a Con?
The report raises questions about the group's heavily debt fueled growth model. Hindenburg announced that they've taken a short position on Adani group companies through US listed bonds and non-Indian traded derivative instruments. Even if you ignore the findings of the investigation, the firm suggests Adani's seven key listed companies have 85% downside purely on a fundamental basis owing to sky high valuations.
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