The Short Seller Costing the Adani Group Billions
Podcast: The Journal.Published On: Mon Feb 06 2023
Description: Gautam Adani is ubiquitous in India. His energy and infrastructure conglomerate, the Adani Group, touches the lives of millions of Indians on a daily basis. But last month, Hindenburg Research, a U.S. short seller, alleged that the company was engaged in wide-ranging fraud. WSJ’s Shan Li explains a fallout that has cost Adani billions. Further Reading: - How Gautam Adani Made (and Could Lose) a $147 Billion Fortune - Adani Plans $1.1 Billion Loan Repayment After Share Collateral Plummets Further Listening: - The Firm Tanking Some of Wall Street's Hottest Stocks Learn more about your ad choices. Visit megaphone.fm/adchoices
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