What was the significance of the date January 25th for Adani Enterprises?
Adani Stocks Plunge, Extending Rout
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The video discusses the market reaction to the Hindenburg report on Adani Group, which led to a significant loss in wealth. Bill Ackman joins the bearish voices against Adani, supporting the report's credibility. The report accuses Adani of creating shell companies for corruption and tax evasion. Adani's CFO denies these allegations, and the company threatens legal action. Despite the controversy, Adani plans to launch its FPO, seeking to raise $2.5 billion, with interest from anchor investors.
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What was Bill Ackman's stance regarding the Hindenburg report?
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