{"id":550157,"date":"2023-01-27T09:58:00","date_gmt":"2023-01-27T04:28:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550157"},"modified":"2023-01-27T10:46:56","modified_gmt":"2023-01-27T05:16:56","slug":"adani-stocks-drop-after-hindenburg-accuses-firm-of-manipulation-and-fraud","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-stocks-drop-after-hindenburg-accuses-firm-of-manipulation-and-fraud\/","title":{"rendered":"Adani stocks drop after Hindenburg accuses firm of manipulation and fraud"},"content":{"rendered":"<p>Shares in Adani Group companies fell after well-known US activist investor Hindenburg Research LLC said it was shorting the empire\u2019s stocks and accused firms owned by Asia\u2019s richest man of \u201cbrazen\u201d market manipulation and accounting fraud. <\/p>\n<p>Billionaire Gautam Adani\u2019s flagship firm Adani Enterprises Ltd. and Adani Ports and Special Economic Zone Ltd. dropped as much as 2.5% and 5% respectively on Tuesday after Hindenburg, an US-based investment research firm that specializes in activist short-selling, made wide-ranging allegations of corporate malpractice following a two-year investigation into the tycoon\u2019s companies. Cement makers ACC Ltd. and Ambuja Cements Ltd., acquired by Adani recently, also plunged. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in Adani Group companies fell after well-known US activist investor Hindenburg Research LLC said it was shorting the empire\u2019s stocks and accused firms owned by Asia\u2019s richest man of \u201cbrazen\u201d market manipulation and accounting fraud. Billionaire Gautam Adani\u2019s flagship firm Adani Enterprises Ltd. and Adani Ports and Special Economic Zone Ltd. dropped as much as 2.5% and 5% respectively on Tuesday after Hindenburg, an US-based investment research firm that specializes in activist short-selling, made wide-ranging allegations of corporate malpractice following a two-year investigation into the tycoon\u2019s companies. Cement makers ACC Ltd. and Ambuja Cements Ltd., acquired by Adani recently, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-550157","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=550157"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550157\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}