Hindenburg vs Adani: Short selling not shareholder activism, says InGovern

No new facts in Hindenburg report about Adani Group, says corporate governance firm

BS Reporter Mumbai
Gautam Adani

Gautam Adani

Short selling is not shareholder activism and such campaigns could be disruptive for management and companies, corporate governance firm InGovern has said in a note.
“Short sellers are not held in high regard in global capital markets and even in the USA, many short sellers, including Hindenburg, are under investigations by the SEC (Securities and Exchange Commission) and DoJ (Department of Justice), as the short sellers are thought to achieve their objectives at all costs and detrimental to the interests of other investors,” said the voting advisory firm.

Also Read

Hindenburg Research: All you need to know about US-based investment firm

Adani group may sue Hindenburg for 'mischievous, mala fide' report

Adani Group poses no significant downside risk to Indian banks: CLSA

US-based Hindenburg Research accuses Adani Group of share rigging, fraud

Three trends suggest India is adding short to its video-first market

Microsoft partners with global solar leader Qcells to curb carbon emissions

BharatPe loses Rs 5,610 cr in FY22 after change in fair value of CCPS

Air India's progress has been nothing short of stunning: CEO Wilson

Air India-Vistara to get $1.5-$1.8 billion from Tata Sons: Report

Adani Group poses no significant downside risk to Indian banks: CLSA

First Published: Jan 27 2023 | 11:15 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to