Adani Stocks Plunge, Extending Rout

The video discusses the market reaction to the Hindenburg report on Adani Group, which led to a significant loss in wealth. Bill Ackman joins the bearish voices against Adani, supporting the report's credibility. The report accuses Adani of creating shell companies for corruption and tax evasion. Adani's CFO denies these allegations, and the company threatens legal action. Despite the controversy, Adani plans to launch its FPO, seeking to raise $2.5 billion, with interest from anchor investors.

What was the financial impact on Adani Group in the last two sessions?

• $10 billion loss

• $40 billion loss

• $20 billion loss

• $30 billion loss

What did the Hindenburg report allege about Adani Group?

• They were involved in insider trading

• They manipulated stock prices

• They evaded environmental regulations

• They created shell companies for illegal activities

How did Adani Group respond to the Hindenburg report?

• They admitted to the allegations

• They ignored the report

• They denied the allegations and threatened legal action

• They agreed to pay a fine

What is Adani Enterprises planning to do despite the controversy?

• Sell off assets

• Merge with another company

• Reach out to retail investors

• Cancel their FPO

Which type of investors have shown interest in Adani Enterprises' financial activities?

• Government investors

• Foreign investors

• Anchor investors

• Retail investors