Hindenburg news Updates: Hindenburg Research’s founder Nathan Anderson said he would disband the firm whose reports sparked heavy short-selling by investors and investigations by authorities, wiping billions from the market values of companies including India’s Adani Group and U.S.-based Nikola.
Adani Group
Adani Power inks BTA to acquire ADTPS
ADTPS supplies power under a long-term power purchase agreement (PPA) to the Mumbai power distribution circle of Adani Electricity Mumbai.
Adani Group, Torrent Power Eye Eletrobras’ Power Distribution
Gold Silver Reports (GSR) – At least two Indian companies—Given the limited opportunities in India, these firms have been attracted by Latin America’s biggest utility’s six subsidiaries that are up for sale and supply electricity to 13 million people. Price-water-house-Coopers Brazil is running the sell side transaction process. Adani Group and Torrent Power—have shown interest in acquiring six electricity distribution firms put on sale by Brazil’s Centrais Elétricas Brasileiras, or Eletrobras, two people aware of the development said.