Hindenburg says Adani Enterprises’ response ‘largely confirmed’ findings

Mumbai: Hindenburg Research said the detailed response by Adani Enterprises NSE 2.79 % on Sunday night to its accusations in an adverse report on the conglomerate last week ‘largely confirmed’ its findings and ignored key questions. The US activist short -seller further alleged that the group’s responses lead the focus away from ‘substantive’ issues and instead stoked a ‘nationalist narrative’.