Hindenburg rejects Indian regulator's claims over Adani short sale

U.S. company 'distorted' facts about conglomerate, says market watchdog

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Adani Group was hit by claims from a U.S. short seller that it engaged in accounting fraud. (Photo by Ken Kobayashi)

SAYAN CHAKRABORTY, Nikkei staff writer

BENGALURU -- U.S. short seller Hindenburg Research has hit back at claims by India's market regulator that it engaged in improper trading and "deliberately sensationalized and distorted certain facts" when it bet against Adani Group last year.

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