The Adani Group has reportedly decided to trim its Capital spending plans amid a recent high-profile row with activist investor Hindenburg Research. According to a report in the Economic Times, Adani Group is reducing its Capital expenditure plans for the next three years by 40-45%. The move is being seen as a Result of the ongoing feud between the group and Hindenburg Research, one of the World’s largest short-sellers. Hindenburg Research alleged that Adani Group had inflated the value of its assets and indulged in insider trading.
Adani Group plans to trim its capital and spend plans amid Hindenburg row
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