This is the man behind Hindenburg research. He destroyed Eros, Bollywood production company too from $12 a share to 25 cents. Tiny company started in 2017 now has only 5 employees. Many lawsuits against him too.
Friends, hope you also heard….
Today, Abu Dhabi's International Holding Company (IHC) has said it will invest $400 million (i.e. ₹ 3200 crores?) in Adani Enterprises' ongoing Rs 20,000-crore follow-on public offer. IHC is one of Abu Dhabi's most valuable listed companies.
More importantly hear what they said, despite the mischievous (Hindenburg) report….
👉 “Our interest in Adani Group is driven by our confidence and belief in the fundamentals of Adani Enterprises Ltd; we see a strong potential for growth from a long-term perspective and added value to our shareholders," said its CEO in a press release. AND….
👉 This will be the second investment by IHC in Adani Group after last year's $2 billion (₹16,000 crores) investment in three green-focused companies of the Group, including Adani Green Energy, Adani Transmission, and Adani Enterprises.
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So they’re not fools to put in billions against a petty Co of 5-6 employees operating from a rented room in NY, but writing biased reports of ‘Sell’.
See, the idea of my writing the post is not to convey the news; but to convey a feeling and an opinion. The feeling is, sad to note that the so called developed world behaves like CRABS 🦀.
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