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Business

Adani Group considering legal action over fraud allegations as shares plunge up to 20 per cent

Gautam Adani Adani Group Hindenburg Hindenburg Research Brian Freitas India United States Adani Enterprises

Shares in India's Adani Group have plunged up to 20 per cent as the company considers legal action over allegations of stock market manipulation and accounting fraud. 

The accusations by US-based short-selling firm Hindenburg Research led investors to dump Adani's stocks.

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