Hindenburg bet against India’s Adani puzzles rival U.S. short sellers
By Shankar Ramakrishnan, Svea Herbst-Bayliss and Carolina Mandl (Reuters) -When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules make it hard for foreigners bet against companies there. Hindenburg’s bet has been lucrative so far. …
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