Deals
Adani’s Detailed Hindenburg Reply Now Said to Be Post-Share Sale
- Adani companies lost more than $50 billion in market value
- Adani said to have prepared a response of more than 100 pages
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Adani Group will release a detailed response to allegations made by US short seller Hindenburg Research only after the completion of a new share sale that’s set to conclude on Jan. 31, according to people familiar with the matter.