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 shareholders and expressed confidence in the company.