Malicious attempt to damage our reputation: Adani on Hindenburg report
Addressing the group's Annual General Meeting 2023 live, Gautam Adani said the Hindenburg Research released the report just before the Adani Enterprises' follow on public offer.
"We remain confident of our governance and disclosure standards," Adani said. (File image) Adani Group chairman Gautam Adani on Tuesday said the Hindenburg Research’s report against the conglomerate was an attempt to damage its image.
Addressing the group’s Annual General Meeting 2023, the Indian billionaire alleged that the short seller’s report was a “combination of targeted misinformation and discredited allegations” written by “vested interests” released just before the Adani Enterprises’ follow-on public offer to harm the group’s reputation.
“The report was a combination of targeted misinformation and discredited allegations. The majority of them dating from 2004 to 2015. They were all settled by authorities at that time,” Adani said, adding that it ‘was a deliberate and malicious attempt aimed at damaging our reputation and generating a profit by driving down its stock prices’.
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