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Mark Humphery-Jenner, Associate Professor of Finance, UNSW Sydney

Short selling Adani: how an obscure US firm profited from triggering the Indian giant's price plunge

Gautam Adani India United States Hindenburg Hindenburg Research Adani Group
Sam Shere/Wikimedia Commons

A few weeks ago, Gautam Adani was indisputably India’s richest man.

Now his fortune is slipping away as the stocks of his many companies crash, thanks to the efforts of a relatively obscure US company named after the 1937 Hindenberg disaster (in which a hydrogen-filled airship caught fire, killing 98 people).

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