Hindenburg Research said on Thursday it will demand documents in legal discovery process if Adani Group files a lawsuit in the United States against the short seller for its report on the Indian conglomerate.
![Hindenburg challenges Adani to file lawsuit 1 Screenshot 2023 01 26 at 22.52.10](https://splco.me/eng/wp-content/uploads/2023/01/Screenshot-2023-01-26-at-22.52.10.png)
“We fully stand by our report, any action against us will be meritless,” Hindenburg Research said after Adani Group said it was evaluating “remedial and punitive action” against the short seller.
![Hindenburg challenges Adani to file lawsuit 2 Screenshot 2023 01 26 at 22.50.34](https://splco.me/eng/wp-content/uploads/2023/01/Screenshot-2023-01-26-at-22.50.34.png)
![Hindenburg challenges Adani to file lawsuit 3 Screenshot 2023 01 26 at 22.50.59](https://splco.me/eng/wp-content/uploads/2023/01/Screenshot-2023-01-26-at-22.50.59.png)
In a statement to Indian exchanges, Adani Group head of legal, Jatin Jalundhwala, called the Hindenburg report “maliciously mischievous, (and) unresearched.”