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Post the Hindenburg report, the group had erased near USD one hundred fifty billion in its market worth. Adani Group has been denying all allegations because the starting of the controversy. The Adani Group had then attacked Hindenburg as “an unethical short vendor”, stating that the report by the New York-based entity was “nothing however a lie”. A short-seller within the securities market books features from the next discount within the prices of shares.

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