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regular-article-logo Wednesday, 02 October 2024

Adani Group says evaluating action against Hindenburg Research

The development comes after short-seller company accused the conglomerate of improper use of offshore tax havens and flagged concerns about high debt

Reuters Bangalore Published 26.01.23, 03:05 PM
Representational image.

Representational image. Shutterstock

India's Adani Group said on Thursday it is evaluating relevant provisions under US and Indian laws for “remedial and punitive action” against Hindenburg Research, which accused the conglomerate of improper use of offshore tax havens and flagged concerns about high debt.

More details awaited.

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