Hindenburg Report Malicious Attempt Aimed at Damaging Our Reputation AGM Meet 2023 Know All Details

Adani AGM: Adani Group Chairman Gautam Adani said at the first AGM after the Hindenburg episode that there was a conspiracy against us. Regarding the Hindenburg Research report, Adani said that Hindenburg had issued a false report against us on the eve of Republic Day which made false allegations against us and tried to harm the Adani group. This was purely an attempt to create a negative atmosphere against the Adani group.

We have withdrawn the FPO in the interest of investors – Gautam Adani

Gautam Adani said that this American short seller Hindenburg released the report against the Adani group to serve his interests and its timing was deliberately kept during Adani’s FPO. Adani Group’s share price was also affected by the report and saw a lot of ups and downs. We withdrew the follow-on public offer to protect the interests of our investors. So that they do not have to bear the negative impact of the Hindenburg Research Report. The report was a combination of misinformation and damning allegations, and most of them date from 2004 to 2015. All were settled by the authorities at that time. This report was a deliberate attempt to damage our reputation.

Know what else Gautam Adani said

Gautam Adani said that the Supreme Court constituted a committee due to the allegations against us, though the expert committee did not find any regulatory lapses. An attempt was made to tarnish our image. The matter is also with SEBI and SEBI has to submit a report to the Supreme Court. Relying on our disclosure to submit report to SEBI. Our track record has been excellent and investors’ confidence in the Adani Group has remained intact during these difficult times. Although we were targeted and targeted, investors have faith in us.

What did Gautam Adani say about the Indian economy?

Gautam Adani said that India is the fifth largest economy in the world. India’s economy will become the third largest by 2030 and the second largest by 2050. This requires a stable government at the center and we are confident that the country will become a $5 trillion economy.

Gautam Adani made a big announcement

Gautam Adani said that the Adani group is going to build the largest hydro-renewable park. This will be our most difficult and ambitious project ever and will be a 72,000 crore acre project. It will be capable of generating 20 GW of green energy.

#WATCH | “…The report was a combination of targeted misinformation and discredited allegations. The majority of them dating from 2004 to 2015. They were all settled by authorities at that time. This report was a deliberate and malicious attempt aimed at damaging our… pic.twitter.com/yEH5r3Duff

— ANI (@ANI) July 18, 2023