Hindenburg says if Adani Group files lawsuit it will demand company documents

Hindenburg Research said on Thursday it will demand documents in legal discovery process if Adani Group files a lawsuit in the United States against the short seller for its report on the Indian conglomerate.

"We fully stand by our report, any action against us will be meritless," Hindenburg Research said after Adani Group said it was evaluating "remedial and punitive action" against the short seller.

In a statement to Indian exchanges, Adani Group head of legal, Jatin Jalundhwala, called the HindenburgOur Standards:

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

Reuters /  🏆 2. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Adani Group, India’s Biggest Corporation, Accused by Hindenburg Research of ‘Largest Con’ in HistoryAdani Group, India’s largest corporation and an aspiring media empire builder, has been accused by a U.S. investment firm of “pulling the largest con in corporate history.” Hindenburg Research, a f…
Les mer »

India's Adani Group says evaluating action against Hindenburg ResearchAdani Group said on Thursday it is evaluating taking 'remedial and punitive action' under U.S. and Indian laws against short-seller Hindenburg Research, which in a report accused the conglomerate of improper use of offshore tax havens.
Les mer »

Adani Group threatens legal action against Hindenburg Research over ‘largest con’ claimsAdani Group said Hindenburg’s allegations had caused “unwanted anguish for Indian citizens.”
Les mer »

Adani Group Shares Slide After Hindenburg Alleges ‘Largest Con In Corporate History’The total net worth of the world’s third richest person, Gautam Adani, fell by nearly $6 billion after Hindenburg group disclosed a short position against his group of companies.
Les mer »

Hindenburg shorts India's Adani Group, cites debt, accounting concernsHindenburg Research said on Wednesday it held short positions in Adani Group, accusing the Indian conglomerate of improper extensive use of entities set up in offshore tax havens and expressing concern about high debt levels.
Les mer »