Adani share prices highly inflated , at obnoxious pe's. Have gone up 800 percent in the last three years.
Then comes the FPO which is at a "discount" to current prices.
Prices have been consistently propped up by shadow firms operating from overseas havens.
Banks meanwhile have lent 2 lakh crore to the group. There seems to have been no due diligence conducted except to see if it is under the rbi mandated "group exposure limit", which is what the banks are saying in their own defence.
Some random fellow operating under the code name Hindenburg writes a report that says mostly what has always been common knowledge.
"There is an elephant in the room" says Hindenberg.
Who gave Hindenburg the right to see the elephant? Say people.
Hindenburg is funded by anti national forces.
This is all to do with Vizhinjam port, they don't want India to progress.
People are jealous of india.
The timing of spotting the elephant, just before the elephants' coming out parade called elephant budget, is suspect.
Who removed the purdah covering the elephant?
Pakistan is in trouble. They have no elephants.
The elephant"s owner has taken over a port in Israel.
Everyone is talking about why there should be no elephant, but no one actually wants to say that the elephant is there , right in front of them.
Meanwhile, "family offices" of "HNI's" bail the FPO out. A few calls from the PMO may have had something to do with it. Or, maybe, all of them , doing independent research, stumbled upon the fact, overnight, that this is not an elephant, but a golden goose, and a delectable buying opportunity, which, the general public, obsessed as it is with elephants, cannot see.
India has been saved! , Say the chorus people.
We have just defeated a plot to destabilise the country!
This ranks among our famous victories, along with Kargil!
And the chorus goes marching all the way, singing patriotic songs ...