Ingovern Dismisses Hindenburg Report As Not Activism

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

InGovern dismisses Hindenburg report as “Not Activism”

ri-calendar-2-lineJan 30, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

In the last few days as the Adani group stock has been hit after the Hindenburg report, one of India’s leading proxy firms has dismissed the report as not being activist. InGovern has underlined that short selling would not tantamount to shareholder activism since it is more of a deliberately disruptive game to upset the stock market equilibrium. 

 

Even as the Hindenburg report has been getting accolades from star investor, Bill Ackman, not all regulators have been too pleased with these short sellers, who use advance aggressive reporting to depress the stock prices. In fact, Hindenburg admitted that they had taken short positions in Adani stocks and bonds before publishing the report. Already, in the US, short sellers like Hindenburg are under investigations by the Securities and Exchange Commission and the Department of Justice.

 

Hindenburg has made allegations of offshore accounts linked to the group, which were used to jack up prices. However, there has been any evidence offered. The only thing that Hindenburg is betting on is that Adani would take them on legally, which will force the group to disclose a lot more information, which Hindenburg can use to its advantage. For now, Adani group has only given a detailed response to the 88 queries raised by Hindenburg. 

 

According to Adani group, the allegations were baseless but mischievously timed to coincide with their ongoing Rs20,000 crore FPO. The next few days could be interesting. For now, the Hindenburg report looks more like a nuisance value. InGovern has captured it best when it says that “Hindenburg has not brought forth any substantive evidence, other than repeating past allegations”. The question is, should Hindenburg be made to paid for mischief.
 

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions