Hindenburg’s questions on Adani need an impartial reflection
The timing of US short seller Hindenburg’s report on the Adani Group couldn’t have been more propitious. It coincided with Modi 2.0’s last full Budget ahead of the 2024 polls. It stole the show by creating a frenzy across the globe, eroded the billionaire-led group’s market value significantly and knocked Gautam Adani to 17th on Forbes’ list of the world’s richest people from the No.3 spot.
Amidst all the cacophony surrounding the Adani saga, thousands and thousands of retail investors are bearing the brunt as a direct fallout of the plunge in stock prices. It is imperative to seize the narrative – not from the lens of an ivory tower – from the eye of a common investor.
