The Hindenburg Research responded to the Adani Group's rebuttal of its accusations, calling it an "attempt to obfuscate by nationalism."

Adani Enterprises, which launched its follow-on public offering (FPO) on Friday, and Adani Total Gas are audited by Shah Dhandharia & Co.

Billionaire businessman Gautam Adani is no longer the world's third-richest person after activist investment firm Hindenburg Research

Hindenburg CIA; Shares of Adani Group companies fell sharply on Wednesday morning after activist investment firm Hindenburg Research

Gautam Adani has slipped to seventh on Forbes' real-time list of the world's richest people, as the Adani Group companies have