Adani Group evaluates legal action against Hindenburg Research over ‘malicious’ report
The Adani Group on Thursday said it is evaluating the possibility of legal action against US-based investment research and short-seller activist firm, Hindenburg Research, which accused the Gautam Adani-owned conglomerate of tax fraud and raised concerns about mounting debt. The report triggered panic selling on Wednesday that eroded the cumulative market capitalization of 7 listed…