India's Second Richest Man's Conglomerate, Rattled By Hindenburg Research's Damning Report In 2023, Adds Over $5.9 Billion After Short Seller Shuts Shop
Shares of Adani group companies rose and added over $5.9 billion to investor wealth on Thursday, following the shutdown of the short-seller Hindenburg Research , as announced by its founder Nathan Anderson in a farewell note on Wednesday. What Happened: Around ten listed companies owned by the Indian billionaire Gautam Adani , rose intraday on the Indian exchanges, led by the media company, New Delhi Television Ltd. While NDTV rose over 13%, Indian cement companies like Ambuja Cements Ltd. , and Sanghi Industries Ltd. rose 3.6% and 3.25%, respectively. Adani Green Energy Ltd. was up by 3.47%, whereas Adani Ports & SEZ Ltd. advanced by 2.44%. The ten listed stocks under ... Full story available on Benzinga.com