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Motley Fool Money

Adani's Share Price Today After It Is Lost 60% of Its Value

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Hindenburg accused Adani of using shell companies to say there was a larger float of shares outstanding, and then they could bid up the stock price. There's also a claim that the auditors who were looking at Adani's books were at best inexperienced. So what you have here is a situation that honestly, none of the single elements look all that bad, but in totality, I think that you have a company has manipulated itself within one of the largest economies in the world.

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