More than the budget, the twists and turn at the house of Adani’s has kept the entire globe glued onto India. The Hindenburg revelation has come at an important juncture when Adani was looking forward to the Rs 20,000 crore FPO that would help raise funds for capital expenditure and debt management. The document itself was critically worded as “brazen stock manipulation and accounting fraud scheme” and “the largest con in corporate history.”
