Will you buy Adani Group?
Adani Group…
Adani Group companies continue to slide for a third straight session. $6 billion gone in a day.
India is the second most populated country in the world right now, and possibly one of the superpowers in the future. That being said, India is home to many of the world’s brilliant entrepreneurs, engineers and technologists.
Recently, there is growing criticism of India’s elite businessmen and politicians. Throughout the recent 10 years, 1,668 journalists have been killed in connection with their work. Furthermore, India is 1 of the 15 most dangerous countries for the press.
So what exactly happened?
This all happened when Hindenburg Research released a short report “Adani Group: How The World’s 3rd Richest Man is Pulling the Largest Con in Corporate History”. Since then, Adani Group has lost over $100 billion in market cap.
Short Report – where a prominent investors/research firm publishes a report where they bet against the...