Yeah, they revealed their short positions as part of their data release, which is exactly what they should do. This is literally one of the reasons short sellers exist and why regulators are fine with reports like this - they profit off of research showing companies are overvalued, just as stock promoters profit off of releasing research showing positive trends for a company. The market will be healthier now that it's aware of Adani Group's fraud as a risk for future performance. It's not market manipulation in regulators' eyes and never will be.