News From Press Hindenburg effect: What it means for Nifty Next 50 and its investors

Hindenburg effect: What it means for Nifty Next 50 and its investors

Source: Mint Feb 13, 2023

There seems to be no end to the troubles facing Adani Group. First came US-based short-seller Hindenburg’s claims that the Group has been involved in a ‘stock manipulation and accounting fraud scheme’. Stocks of the group companies plunged. Now, Morgan Stanley Capital International (MSCI), a global index provider, has reduced the outstanding free float for four Adani group stocks—Adani Enterprises, Adani Transmission, Adani Total Gas and ACC.

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