Last Updated on 10/08/2024 by wccexam Desk
You must remember the American short seller firm Hindenburg Research… Now it has surprised everyone by making another announcement. On Saturday morning, while posting on Elon Musk-owned X, the American company has hinted at another big revelation related to the Indian company. In its post, Hindenburg Research has written that “something big is going to happen in India soon”.
However, Hindenburg has not made any disclosure about what is going to happen and what big thing is going to happen. Regarding this post of the company, it is believed that Hindenburg Research is going to make a big disclosure about an Indian company once again.
Something big is going to happen in India soon
— Hindenburg Research (@HindenburgRes) August 10, 2024
In January 2023, Hindenburg Research released a report targeting Gautam Adani’s Adani Group. This report created a stir because Hindenburg had made many serious allegations against the Adani Group. As soon as the Hindenburg Research report came out, there was a sharp decline in all the shares of Adani Group and Gautam Adani slipped to number 36 after becoming the world’s number 2 billionaire, as a record decline was recorded in his wealth.
Valuation had decreased by $ 86 billion
After the report on Adani Group came on 24 January 2023, there was a huge decline in all the shares, after which the valuation of the company also fell sharply. The situation was such that the valuation of Adani Group had decreased by $ 86 billion in a few days. This huge fall in the share price later led to a huge sale of the group’s foreign listed bonds.
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Source (PTI) (NDTV) (HINDUSTANTIMES)