Whenever the report of the American research company Hindenburg comes out, it is common for there to be a stir in the business world . In a recent Hindenburg report, securities market regulators in India (regulator) Sebi’s current chairman Madhabi Puri Buch and her husband Dhaval Buch have been accused of financial irregularities . Earlier last year, after what was said about Adani Group in the Hindenburg report, Adani Group had suffered a lot in the stock market . In such a situation, this question comes in the mind of many people that what is this Hindenburg report? ? Let’s find out.
What is Hindenburg?
Hindenburg Research is an American research company. It was started by an American citizen named Nate Anderson. Let us tell you that this company does forensic finance research, Investigation and analysis of financial irregularities, Investigates unethical business practices and undisclosed financial matters and transactions. It tells about the position of companies through its reports, Through which it is also known whether there is going to be any decline in the position of the companies. This company year has been working since 2017 and claims to have 16 Such reports have been issued by countries other than the US Securities and Exchange Commission–Illegal transactions and financial irregularities have been exposed in Vidhi’s companies.
According to a BBC report, Hindenburg claims that Hindenburg Research Company has previously driven down shares of several companies through its reports and other actions.
Adani Group had suffered huge losses
When the Hindenburg report came out last year, Adani Group companies were 150 billion dollars were lost. At that time, within a month of the report coming out, Adani’s net worth 80 billion dollars i.e. There was a decline of more than Rs 6.63 lakh crore. At the same time, within ten days of the release of the Hindenburg report, the top positions of many nobles were taken over."s1"> 20 were also out of the list. This report caused political turmoil in India. Questions were asked in Parliament regarding the company’s alleged financial irregularities. The matter reached the Supreme Court. Apart from this, Gautam Adani also had to cancel the FPO of 20 thousand crores. At that time, Adani company had suffered a huge loss.
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