Short selling in US and India

With the right policy, income from short selling Adani Group stocks and bonds could have accrued to Indians rather than the Americans

One main conclusion in the recent report by Hindenburg Research was that the shares of the companies in Adani Group were massively overvalued. Relatedly, Hindenburg Research participated in short selling of various relevant financial instruments. Subsequently, the combined value of the shares of the conglomerate fell precipitously by about $100 billion. The prices of their bonds have also fallen substantially. Hindenburg Research has, very likely, made good money.

The question is: Why didn’t some Indian organisations do the research and short sell shares and bonds of the companies of the Adani Group on a large scale? The income from short