For truckers transporting cement from Adani's factories in a hilly north Indian state, a U.S. short-seller's critical research report on the giant conglomerate was a godsend they say helped them save their livelihoods
and saw the billionaire Adani slip to 26 on the Forbes global rich list, from third.
Adani negotiators had refused to budge for weeks. So Hindenburg's report, some truckers believe, was godsent. Adani Cements in a statement said it was "grateful" to all stakeholders including the unions, the local state chief minister and other departments, adding the "amicable resolution" was in interest of everyone including the state.
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