Adani Says Hindenburg Report Is ‘Calculated’ Fraud: Document

Adani Enterprises Ltd. said that Hindenburg Research committed “calculated securities fraud” when the short seller released a report on the conglomerate just days before it launched India’s biggest ever primary follow-on public offering.

(Bloomberg) — Adani Enterprises Ltd. said that Hindenburg Research committed “calculated securities fraud” when the short seller released a report on the conglomerate just days before it launched India’s biggest ever primary follow-on public offering.

Here is the full text of the Adani document.

 

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