Gautam Adani Lost $45 billion,
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3. We stand by our report on Adani, any legal action would be meritless: Hindenburg Research
• Threatened with legal action, Hindenburg Research said it stands by its report that alleged "brazen" market manipulation and accounting fraud by Adani Group.
• It added, "We believe any legal action taken against us would be meritless. If Adani is serious...it should also file suit in the US where we operate.
• We have a long list of documents we'd demand in...legal discovery process."
