India’s Adani Group launched a share offering for retail investors Friday as it mulled taking legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that caused heavy selling of its stocks this week.
Jatin Jalundhwala, head of the Adani group’s legal department, said late Thursday that the group “was evaluating the relevant provisions under U.S. and Indian laws for remedial action against Hindenburg Research.”
