Most Adani Stocks Drop as Rebuttal Draws Hindenburg Response.

STOCK prices; MUTUAL funds; SHORT selling (Securities); BUSINESS enterprises; INVESTORS

(Bloomberg) -- Most of Adani Group's companies extended a $51 billion stock selloff, an indication that the billionaire's rebuttal of fraud allegations from American short seller Hindenburg Research is largely failing to convince investors. "Not sure if Adani's rebuttal is enough to assuage investor concerns "just because things are disclosed and known does not make them right", said Brian Freitas, an equities analyst who publishes on the platform Smartkarma. [Extracted from the article]

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