[Updated] Hindenburg rubbishes Indian regulator's allegations about Adani short bet

[Updated] Hindenburg rubbishes Indian regulator's allegations about Adani short bet

FILE PHOTO: The logo of the Adani group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave

Hindenburg Research has denied allegations by India’s securities regulator that it colluded with a U.S. asset manager to use non-public information to set up a short bet against Adani Group last year, which if proven would breach the country’s rules.