Hindenburg says Adani Group's response 'largely' confirmed findings, ignored key issues raised

Hindenburg said an extensive rebuttal from Gautam Adani’s eponymous conglomerate against the US short seller’s claims of widespread corporate malfeasance ignored all its key allegations and was “obfuscated by nationalism.” Adani is attempting to calm investors as it presses ahead with a $2.5 billion share sale and stem a stock rout that has erased more than $50 billion from his group’s market value.