Adani shares fall: Risk for people’s savings in LIC, SBI? The Hindenburg thesis

by time news

image source, Getty Images

Among the Adani Group shares, LIC, SBI, which have seen a major fall in the stock markets in the wake of the Hindenburg thesis. Public Sector Undertakings have invested more. Due to this, the question has arisen whether the life savings of crores of people in those companies are at risk.

It’s been a troubled time for Indian billionaire Gautam Adhani, who has climbed the ranks of the world’s richest people in recent years, reaching second place on the Forbes list. A study published by the US-based Hindenburg Research Institute on Wednesday has shaken the Adani Group.

Hindenburg to challenge Adani

The Hindenburg Report accused the Adani Group of stock market manipulation and accounting fraud.

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