Adani Group had the opportunity to disprove and discredit the report. The fact that they failed to only reaffirms the veracity of Hindenburg’s findings.
The bank was expected to make a small increase since retail inflation has finally come within its tolerance band of 2% to 6% in the last two months of 2022.
If the political establishment responds to a situation like this as if it’s something that must only play out between a corporate & the market, it's coming of age of Indian capitalism.