Adani Hindenburg Row: Do you know these things about Hindenburg who gave a big blow to Adani Group?

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Adani Hindenburg Row: Shares of Adani Group have fallen by 70 percent. With this, the market cap of the group has decreased by more than $ 100 billion. In fact, the shares of Indian industrialist Gautam Adani’s companies have suffered the most since the Hindenburg report came out. At the same time, amidst growing controversy over the fall in Adani Group’s shares, SEBI said on Saturday that it is committed to ensure fairness, efficiency and all necessary monitoring in the stock market along with maintaining its strong fundamentals.

Shares of Adani Group registered a huge fall

Let us tell you that US-based short seller Hindenburg Research had accused the Gautam Adani-led group of fraudulent transactions and manipulation of share prices, after which the shares of Adani’s companies fell sharply. However, Adani Group has denied these allegations as false and said that it has complied with all the laws and regulatory disclosures. Despite this, the market capitalization of 10 listed companies of Adani Group has declined by a total of Rs 8.5 lakh crore. This decline happened in six trading sessions. Adani Enterprises has also withdrawn its Rs 20,000 crore FPO.

Steps taken to prevent short-selling in these stocks of Adani Group

Indian stock exchanges BSE and NSE have placed Adani Group companies Adani Enterprises Ltd, Adani Ports and Special Economic Zone and Ambuja Cements under their short-term additional monitoring measures. (ASM). This means that 100 per cent upfront margin will be applicable for intra-day trading, to prevent speculation and short-selling in these stocks. SEBI said that after coming to the notice of all specific cases, the regulator examines them as per the extant policies and takes appropriate action.

Opposition raised questions on SEBI

Amidst all this, several opposition leaders and some experts have questioned SEBI for not acting on the Adani issue. The proceedings of the Parliament were also disrupted for two days on this issue. Some politicians have also written letters to SEBI and the government for investigation in this matter. Opposition parties are also demanding an inquiry by the Joint Parliamentary Committee. Please tell that within ten days of the arrival of the Hindenburg report, he has also dropped out of the top 20 list of nobles.

Learn about the Hindenburg

The story behind the name of American research firm Hindenburg, which gave such a big blow to Adani Group, is also very interesting. During the year 1937, Hitler was ruling in Germany. There was a spaceship in this era, whose name was Hindenburg Spaceship. People who were watching this spaceship from the ground in New Jersey, USA, saw something unusual only then. The Hindenburg spaceship visible in the sky caught fire with an explosion. The voices of people’s screams were heard. After this the spaceship fell on the ground. There were 16 hydrogen gas balloons in it. It is said that about 100 people were forced to sit in the spaceship. The name of the research company that brought the report against Gautam Adani, Hindenburg, has also been associated with this incident. According to the company, it monitors the disturbances in the stock market on the lines of the Hindenburg incident. The company says that it works to protect people from such financial mishaps in the stock market.

Hindenburg has taken out report against many companies

Hindenburg has brought out reports against many companies before Adani Group. When the company’s shares fall due to the report, it earns this profit by buying them. Hindenburg issued about 16 reports in the year 2020. Due to these reports, the shares of the companies fell by an average of 15 per cent. Hindenburg has pulled out reports against companies like Nikola, SCWORX, Genius Brand, Ideanomic, Vince Finance, Genius Brands, SC Wrox, HF Food, Bloom Energy, Aphria, Twitter Inc. After this, he earned money by short selling the shares of these companies.

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