Hindenburg made windfall gain by calculated securities fraud: Adani

NEW DELHI: While calling Hindenburg an “unethical short seller”, Adani Group today said public lost money but Hindenburg made a windfall gain by doing a calculated securities fraud.

In response to a 106-page report by Hindenburg, the Gautam Adani-led conglomerate has issued a 413-page long response answering all the 88 questions asked by the US-based research firm.

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