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The Short Seller Costing the Adani Group Billions

Podcast |: The Journal.
Publisher |: Gimlet,; The Wall Street Journal
Media Type |: audio
Podknife tags |: Business,; Business News,; News & Politics
Categories Via RSS |: Business News,; Daily News,; News
Publication Date |: Feb 06, 2023
Episode Duration |: 00:19:27

Gautam Adani is ubiquitous in India. His energy and infrastructure conglomerate, the Adani Group, touches the lives of millions of Indians on a daily basis. But last month, Hindenburg Research, a U.S. short seller, alleged that the company was engaged in wide-ranging fraud. WSJ’s Shan Li explains a fallout that has cost Adani billions. Further Reading: - How Gautam Adani Made (and Could Lose) a $147 Billion Fortune - Adani Plans $1.1 Billion Loan Repayment After Share Collateral Plummets Further Listening: - The Firm Tanking Some of Wall Street's Hottest Stocks Learn more about your ad choices. Visit megaphone.fm/adchoices

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