A Review of the Ongoing Impact of Hindenburg Research Report on Adani Group’s Wealth

The present Article is a review paper on the Impact of the Hindenburg Research report on the Business conglomerate Adani Group’s wealth. Adani Group of Industries was at the peak of raising capital through FPO of 2.5 lakhs crores for its new International project in Airways. The Hindenburg Research Report was published by a US-based Equity Research Company and made allegations of accounting fraud and market manipulation against Gautam Adani and group Industries. Though Gautam Adani refuted the allegations, India’s markets regulator - the Securities and Exchange Board of India (SEBI) - confirmed that it is investigating allegations made by Hindenburg Research against companies owned by Gautam Adani. The Adani Group, as a result of the allegations, has lost around $100bn (£82.3bn) wiped off its stock market value and faced multiple charges of fraud. However, the huge empire of the Adani Group of Industries has confronted such charges in the past and is working to reinstate their investor confidence. The stock market reviewers estimate that these allegations will have a short period effect on the conglomerate. In the long-term view, Adani Group will remain unaffected due to its enriched business experience and a long trail of diversified businesses.