Adani strikes back. Can he beat Hindenburg in the perception war?

In the ongoing Rs 20,000 crore ($2.5 billion) public offer by the group’s flagship, large anchor investors have already been allotted about Rs 6,000 crore of shares at the top end of the per-share price band of Rs 3,112 to Rs 3,276. But following the Hindenburg report, the Adani Enterprises Ltd. stock nosedived by nearly 20% over two trading days last week and closed at slightly above Rs 2,761 on Friday.

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