{"id":550617,"date":"2023-01-28T11:29:01","date_gmt":"2023-01-28T05:59:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550617"},"modified":"2023-01-28T13:51:04","modified_gmt":"2023-01-28T08:21:04","slug":"hindenburg-ambush-how-a-106-page-report-dragged-gautam-adanis-wealth-below-100-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hindenburg-ambush-how-a-106-page-report-dragged-gautam-adanis-wealth-below-100-billion\/","title":{"rendered":"Hindenburg ambush! How a 106-page report dragged Gautam Adani&#8217;s wealth below $100 billion"},"content":{"rendered":"<p>NEW DELHI: Just as when billionaire Gautam Adani was busy selling fresh shares worth Rs 20,000 crore of his empire&#8217;s flagship company Adani Enterprises <\/p>\n<p>NSE -18.52 %, in an FPO, he was left ambushed by a 106-page-long report by American whistle-blower and short-seller Hindenburg Research. Alleging accounting fraud, stock manipulation and other corporate governance issues, the report left a meteoric impact on both Adani&#8217;s personal wealth as well as those of shareholders.<\/p>\n<p>In the last two trading days, Thursday being a market holiday, the 60-year-old Ahmedabad-based college dropout has been left poorer by around $29 billion, pushing him to the seventh slot in the elite list of world&#8217;s richest billionaires.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Just as when billionaire Gautam Adani was busy selling fresh shares worth Rs 20,000 crore of his empire&#8217;s flagship company Adani Enterprises NSE -18.52 %, in an FPO, he was left ambushed by a 106-page-long report by American whistle-blower and short-seller Hindenburg Research. Alleging accounting fraud, stock manipulation and other corporate governance issues, the report left a meteoric impact on both Adani&#8217;s personal wealth as well as those of shareholders. In the last two trading days, Thursday being a market holiday, the 60-year-old Ahmedabad-based college dropout has been left poorer by around $29 billion, pushing him to the [&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":[130,239,136],"tags":[],"class_list":["post-550617","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550617","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=550617"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550617\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}