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Adani Group shares are falling due to a report by U.S. short seller Hindenburg Research. The decline is impacting broader Indian indexes, reaching three-month lows. Lower circuits are triggered by intense selling pressure, preventing trading. Other Adani entities are also down 15%. Adani dismissed the claims as baseless and may take legal action. Hindenburg challenges Adani to sue in the U.S. and may request more documents through the courts. Support from billionaire investor has further impacted the conglomerate.
