Hindenburg report designed to defame Adani Group: Gautam Adani ...Middle East

Gautam Adani on Monday told shareholders that U.S. short-seller Hindenburg Research’s report was designed to damage the Adani group and erode the conglomerate’s “hard-earned” market value. “We were faced with baseless accusations made by a foreign short-seller, that questioned our decades of hard work. In the face of an unprecedented attack on our integrity and reputation, we fought back and proved that no challenge could weaken the foundations on which your Group has been established,” Adani says at the annual general meeting of Adani Enterprises. “Typical short sellers target gains from financial markets. This was different. It was a two-sided attack– a vague criticism of our financial s

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