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The Hindenburg Research report has accused the Adani Group of stock manipulation and accounting fraud, leading to a massive sell-off in the group’s shares. Some of Wall Street’s biggest names have exposure to the Adani Enterprises plunge, including Vanguard and BlackRock, who have both sold off their shares. Elara Capital, which currently owns 1.7% of Adani Enterprises, has also disposed of its shares.

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