Gautam Adani hit back on short seller Hindenburg in Adani annual general meeting 2023

New Delhi: On 24 January 2023, the American short seller company Hindenburg released its report against the Adani group. This report brought an earthquake for the Adani group. The group suffered heavy losses. The company is compensating for this loss till date. Six months after the Hindenburg attack, Adani Group Chairman Gautam Adani has once again hit back strongly at the American short seller company. He questioned Hindenburg’s motives, saying that the short seller’s report was motivated by malice. Hindenburg released his report to harm us. Make false and baseless allegations against us. He said the Hindenburg report was a mix of misinformation and baseless allegations. Most of them are from 2004 to 2015.

In the Annual General Meeting (AGM) of Adani Enterprises and Adani Total Gas under Adani Group’s AGM in 2023, Gautam Adani lashed out at Hindenburg and questioned his intention. Addressing the shareholders and executives of the companies at the AGM, Hindenburg revealed the real reason behind the attack. He spoke openly about the Hindenburg Research report and said that Hindenburg issued a false report against us in which false allegations were made against us. Tried to hurt us. Tried to create negative atmosphere against Adani group.

Gautam Adani said that the short seller Hindenburg had taken out a wrong report against us for his own purposes and for his own benefit. Its timing was intentionally kept the same, when Adani’s FPO was issued. We have withdrawn the FPO i.e. Follow On Public Offer to safeguard the interest of our investors. We have taken such a decision while protecting the interests of the investors, so that they do not have to bear the loss of the negative report of Hindenburg.