Leerverkäufer Angriffe auf Indiens Adani Konglomerat
January 30, 2023 -
Aktien der indischen Adani Gruppe stürzen weiter ab, nachdem der US Leerverkäufer Hindenburg Research dem Konglomerat Bilanzfälschung vorgeworfen hat, worauf führende Investoren ihre Aktien abgestossen haben.
Gautam Adani and his family have suffered massive losses since Hindenburg issued its report on January 24.
By Monday morning, the stock rout had wiped more than $62 billion off the market cap of the seven listed companies and almost $30 billion off Gautam Adani’s family fortune.
Businesses in the conglomerate span industries including construction, data transmission, media, renewable energy, defence manufacturing and agriculture.
Most of the allegations by Hindenburg involved concerns about the group’s debt levels, activities of its top executives, use of offshore shell companies and past fraud investigations.
Following the report’s release, Jatin Jalundhwala, head of the Adani group’s legal department, said the group “was evaluating the relevant provisions under U.S. and Indian laws for remedial action against Hindenburg Research.”
“Hindenburg Research by their own admission, is positioned to benefit from a slide in Adani shares,” Jalundhwala said.
In Monday trading, the company’s Adani Enterprises gained 4.8% to trade at 2,892.85 rupees ($35.50), but shares in other Adani listed companies fell between 5% and 20%.