{"id":550729,"date":"2023-01-30T10:00:05","date_gmt":"2023-01-30T04:30:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550729"},"modified":"2023-01-30T10:38:06","modified_gmt":"2023-01-30T05:08:06","slug":"adani-group-hits-back-at-hindenburg-insists-made-full-disclosure","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-hits-back-at-hindenburg-insists-made-full-disclosure\/","title":{"rendered":"Adani group hits back at Hindenburg, insists made full disclosure"},"content":{"rendered":"<p>NEW DELHI (Reuters) -India&#8217;s Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 billion rout in its stocks, saying it complies with all local laws and had made the necessary regulatory disclosures.<\/p>\n<p>The conglomerate led by Asia&#8217;s richest man, the Indian billionaire Gautam Adani, said last week&#8217;s Hindenburg report was intended to enable the U.S.-based short seller to book gains, without citing evidence.<\/p>\n<p>For 60-year-old Adani, the stock market meltdown has been a dramatic setback for a school-dropout who rose swiftly in recent years to become the world&#8217;s third richest man, before slipping last week to rank seventh on the Forbes rich list.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI (Reuters) -India&#8217;s Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 billion rout in its stocks, saying it complies with all local laws and had made the necessary regulatory disclosures. The conglomerate led by Asia&#8217;s richest man, the Indian billionaire Gautam Adani, said last week&#8217;s Hindenburg report was intended to enable the U.S.-based short seller to book gains, without citing evidence. For 60-year-old Adani, the stock market meltdown has been a dramatic setback for a school-dropout who rose swiftly in recent years to become the world&#8217;s third richest man, before [&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-550729","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\/550729","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=550729"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550729\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}