Following Hindenburg report, stock prices of all Adani Group companies plummeted, benefiting short seller Hindenburg, and Adani group's biggest public offering was abruptly scrapped
Soon after the Ministry of Finance’s notification inviting applications for the post of SEBI chairperson was issued, Congress MP Jairam Ramesh claimed that this was a vindication of Congress's “sustained, fact-based” campaign against outgoing SEBI chairperson Madhabi Buch.
On having a specific reason to disband Hindenburg Research, Anderson said: “There is not one specific thing—no particular threat, no health issue, and no big personal issue.”
The Adani Group has rejected and denied "baseless allegations" over reports concerning the freezing of some funds in Swiss bank accounts. The Business conglomerate asserted that it has no involvement in any Swiss court proceedings, nor have any of the company accounts been subject to sequestration by any authority.
AIBA Chairman and Senior Advocate Dr Adish C. Aggarwala urged the Indian government to initiate a 360-degree investigation into the alleged international conspiracy behind the latest Hindenburg report.
On the 11th of August, Rahul Gandhi shared a video message on X wherein he was seen blatantly fearmongering about the stock market and hyped the Hindenburg Research report to attack businessman Gautam Adani and the Modi government.
On Sunday Adani Group also released an official statement, stating, "We completely reject these allegations against the Adani Group which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Hon'ble Supreme Court in January 2024."
In a stock exchange filing on Sunday, 360 One Wam Limited said its IPE-Plus Fund 1 had made zero investments in any shares of the Adani Group, refuting claims by Hindenburg