Thread by @palakshahjourno

#Adani Group has very little floating stk in mkt. Despit this, how was the short-selling orchestrated leading to a historic crash. My inside story

Short-selling outside India via Structured Derivatives behind the $100 billion rout
#AdaniEnterprise
thehindubusinessline.com/markets/probe-…

The probe also shows that the operation to short sell Adani shares and Indian markets may have begun several weeks ahead of the Hindenburg report, which was published on January 24, just a day ahead of the monthly derivative market expiry in India...

and a few sessions ahead of the Union Budget, when volatility is usually high. Reports can spoil the sentiments but for a fall of the magnitude seen in Adani companies, huge positions were required.