adani saga

Adani saga heads for a messy closure

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A scurrilous story that was slowly fizzling out, has made a messy reappearance. An unhindered Wall Street player that thrives on blemishes of others and is seemingly answerable to no one, has cast aspersions on an overbearing regulator which is used to dealing with timid fund managers and brokers. The Adani story has moved beyond … Read more

Hindenburg claims it hardly made money by shorting Adani stocks & bonds

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US-based short seller Hindenburg Research today admitted making $4.1 million revenue through gains made by shorting of Adani securities by its client but said it will hardly break even considering the costs of producing the research. “We have made ~$4.1 million in gross revenue through gains related to Adani shorts from that investor relationship,” Hindenburg … Read more