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HomeAll NewsMost read newsBusiness Leaders Biography 
Birthday : 11/30/1965
Place of birth : New York - United States
Biography : William (Bill) Ackman is the founder and CEO of Pershing Square Capital Management, an American...

Bill Ackman says Hindenburg's report on Adani Group 'highly credible'

01/26/2023 | 10:20pm EDT
FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad

(Reuters) - Billionaire investor William Ackman in a tweet on Thursday said that he found short-seller Hindenburg Research's report on Adani Group "highly credible and extremely well researched."

Shares in seven listed group companies of Adani lost $10.73 billion in market capitalisation in India on Wednesday after Hindenburg released the report, which accused the conglomerate of improper use of offshore tax havens and also said it held short positions in the company through its U.S.-traded bonds and non-Indian-traded derivative instruments.

"We are not invested long or short in any of the Adani companies... nor have we done our own independent research," Ackman said in a tweet.

(Reporting by Akriti Sharma in Bengaluru; Editing by Dhanya Ann Thoppil)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
ADANI ENTERPRISES LIMITED -2.90% 1740.55 End-of-day quote.-54.90%
THE HOWARD HUGHES CORPORATION 1.71% 76.22 Delayed Quote.-1.94%

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