Adani-Hindenburg Row: JP Morgan Chases Investment Arm Offloads ESG Funds Of Adani Group Stocks

A fresh batch of bad news has hit the embattled Adani Group. JPMorgan Chase & Co.’s asset management unit has offloaded shares of the group, following the brutal share selloff after US short seller Hindenburg Research released a report accusing the conglomerate of stock manipulation and accounting fraud, a report in Bloomberg stated.