One of India's largest companies, Adani's market cap tanked following the release of a U.S. short seller report. And its current difficulties will have a wider impact on the legal market.
February 14, 2023 at 07:21 AM
5 minute read
Asia Editor
In just a matter of weeks, one of India’s most prized home-grown conglomerates, Adani Group, had billions of dollars of market value wiped out.
In a report last month, an American investment research firm, Hindenburg Research, accused the company of stock manipulation and fraud, citing opacities in relation to its entities in Mauritius.
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