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India's Adani Group says evaluating action against Hindenburg Research

Channel News Asia LogoChannel News Asia2 mo ago

India's Adani Group says evaluating action against Hindenburg Research - Channel News Asia

Quick Summary:

BENGALURU : Adani Group said on Thursday it is evaluating "remedial and punitive action" under U.S.and Indian laws against short-seller Hindenburg Research, which in a report accused the conglomerate of improper use of offshore tax havens.

Shares in seven listed group companies of Adani lost $10.

The volatility in Indian stock markets created by the report is of great concern," it added.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-27 @ 08:30:36 (2 months ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 4841552

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 14 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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