The Adani Group said the allegations were “nothing but lies”. (agent)
New Delhi:
Industrialist Gautam Adani’s group on Sunday said the allegations are “nothing but lies” in statements alleged by financial research firm Hindenburg Research to Gambhir Gemail as a “systematic attack on India, his enterprise and growth story”.
The Adani Group has said in its response to the 413 affair that the Hindenburg report was motivated by the “ulterior motive” of “creating a false impression” so that the US company could get financial benefits.
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“This is not just an unwarranted attack on a specific company, but a systematic attack on the independence, integrity and quality of India, Indian affiliations and India’s growth story and ambitions,” the group said. The allegations made in the January report are “nothing but lies”. The group said these documents are “an interpretive combination of selectively falsified and suppressed records.”
The group said these “baseless and declared allegations have been made with an ulterior motive”. It questioned the rating and authenticity of Hindenburg and stated that the issue was intended to be a share statement, it is clear from the fact that it was issued at the same time as Adani Enterprises Limited, the highest ever issue of equity stock in India. is making a large public offering.
The Adani Group on Thursday said it is pursuing legal action for “punitive action” against US financial research firm Hindenburg Research for acting “indiscriminately” in an attempt to damage share sales of its flagship company. Looking into options. At the same time, American financial research company Hindenburg Research said that it stands by its report.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
(Apart from the headline, this news has not been contested by the ANDITV team, it has been published directly from the syndicate.)
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