Business Standard

Hindenburg vs Adani: Short selling not shareholder activism, says InGovern

No new facts in Hindenburg report about Adani Group, says corporate governance firm

Gautam Adani
Premium

Gautam Adani

BS Reporter Mumbai
Short selling is not shareholder activism and such campaigns could be disruptive for management and companies, corporate governance firm InGovern has said in a note.

“Short sellers are not held in high regard in global capital markets and even in the USA, many short sellers, including Hindenburg, are under investigations by the SEC (Securities and Exchange Commission) and DoJ (Department of Justice), as the short sellers are thought to achieve their objectives at all costs and detrimental to the interests of other investors,” said the voting advisory firm.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 27 2023 | 11:15 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com