Hindenburg Research Archives - ׶Ƶ Know More. Risk Better.® Tue, 28 Feb 2023 15:54:54 +0000 en-US hourly 1 /wp-content/uploads/cropped-favicon-512x512-1-32x32.png Hindenburg Research Archives - ׶Ƶ 32 32 Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History https://hindenburgresearch.com/adani/#new_tab Tue, 24 Jan 2023 15:54:42 +0000 /?p=11537 Concerns about the Adani Group’s leverage have been expressed by ׶Ƶ, a fixed income research firm owned by prestigious financial services firm Fitch Group. A blistering report about Adani Group published in...

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]]> Concerns about the Adani Group’s leverage have been expressed by ׶Ƶ, a fixed income research firm owned by prestigious financial services firm Fitch Group. A blistering  about Adani Group published in August 2022 had called the group “deeply over-leveraged” and suggested it could “unravel Adani’s vast business empire”. The  was “toned down” in September 2022 after ׶Ƶ met with the company.
In its latest report, ׶Ƶ refused to , and maintained that “several of the Group companies maintain elevated leverage, owing to aggressive expansion plans, that are largely debt-funded and that have pressurized their credit metrics and cash flow”, 

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