Photo: The Economic Times
Gautam Adani Claims Hindenburg Report 'A False Narrative & Baseless"
In a press release and official statement, Gautam Adani, the CEO of Adani Groups, claimed that Hindenburg report is false, and expressed confidence in the governance of Adanis. In a video, Gautam Adani said, "The Hindenburg report was a deliberate, malicious attempt at damaging Adani Group's reputation and generate profit by driving down its stocks in the short term." He addressed his… read-more
Tags: Hindenburg Report, False Claims, Gautam Adani, Business News, Video Statement.
Courtesy: YouTube NDTV
Photo: First Post
Adani Groups Speak About Independent Audit Hiring News, Says Its Market Rumour
The Adani Group finally spoke about the news of hiring a US Firm for independent audit, amid Hindenburg claims.On February 16, company said, "We would like to clarify the said news item appears to be a market rumour and hence it would be inappropriate on our part to comment on it… We wish to confirm we have made and will continue to make disclosures in compliance with obligations under SEBI
Tags: Adani Groups, Hindenburg Report, Independent Audit, TAXES, SEBI
Courtesy: Hindustan Times
Photo: The Indian Express
Adani Groups To Hire Independent Audit Amid Claims Of Hindenburg Report
India's Adani Group has appointed accountancy firm Grant Thornton for independent audits of some of its companies. The decision to hire independent audits was taken to rubbish the claims of the Hindenburg report, which claimed irregularities and financial fraud by Adani Groups. Although the Adani Group denied all the allegations, investors are said to be concerned and have withdrawn the investment.
Tags: Hindenburg Report, Adani Groups, Audit, US Firm, allegations
Courtesy: Hindustan Times
