Adani Hindenburg Row: The reports of the Hindenburg report have alarmed the Adani Group. The Adani Group’s companies have been continuously declining ever since Hindenburg’s report was published. The shares of Adani Enterprises, the parent company of the Adani Group, have decreased by about 60% in the past 12 days since the report’s release. The company’s shares had dropped by 35% earlier on Friday. Virender Sehwag, a former cricketer for India, has attacked the Hindenburg report. By tweeting, Virender Sehwag has sparked debate. He claimed that the Europeans could not accept India’s development without mentioning Hindenburg. He has also referred to the entire situation as a planned conspiracy.
Virender Sehwag sees conspiracy in Adani case
Virender Sehwag wrote in the tweet – India’s progress is not tolerated by whites. The fall of the Indian market like this seems like a cleverly planned conspiracy. No matter how hard we try, India will emerge stronger as always.
Ruckus from parliament to road
After the Hindenburg report, Gautam Adani, the head of the world’s second richest group, dropped out of the top-20 and serious allegations were leveled against him. The opposition is demanding an inquiry into the matter. There is an uproar from Parliament to the road on Monday demanding an inquiry into the Adani Group. Congress is protesting in front of LIC and SBI offices across the country. The party demands that the financial transactions of the Adani Group be investigated by a parliamentary panel (JPC) or a committee of the Supreme Court.
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