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Gautam Adani Alleges Targeted Attack From Hindenburg!
By: Tupaki Desk | 27 Jun 2023 11:38 PM IST
Gujarat-based business tycoon Gautam Adani needs no introduction. When the whole nation went through a tough time due to the Covid outbreak, Gautam Adani added big fortune to his name and he even emerged as the world's richest man for a brief period. He even surpassed Mukesh Ambani in this regard.
But everything related to Gautam Adani went for a toss with America-based Hindenburg research carrying out a sensational report on the business empire. With this, Gautam Adani lost a big share of his fortune and his position in the list of richest people kept on decreasing.
The value of his company's share also decreased. Gautam Adani reacted to the Hindenburg Research finally and made some sensational allegations. He said that the firm shared misinformation which resulted in the company's share value coming down and the firm banked on this.
A meeting was held with the shareholders of the Adani group. Addressing the shareholders, Gautam Adani said that Hindenburg aimed at hindering the reputation of the Adani group and it earned profits from bringing down the stock prices of the Adani group.
Gautam Adani said that when the group was in plans to launch the largest Follow-on Public Offering (FPO), Hindenburg Research announced its report which is the amalgamation of targeted misinformation and outdated allegations. The firm banked on the drive to bring down the stock prices, he said.
"Even though we promptly issued a comprehensive rebuttal, various vested interests tried to opportunistically exploit the claims made by the short seller. These entities engaged and encouraged false narratives across various news and social media platforms," Gautam Adani said.
But everything related to Gautam Adani went for a toss with America-based Hindenburg research carrying out a sensational report on the business empire. With this, Gautam Adani lost a big share of his fortune and his position in the list of richest people kept on decreasing.
The value of his company's share also decreased. Gautam Adani reacted to the Hindenburg Research finally and made some sensational allegations. He said that the firm shared misinformation which resulted in the company's share value coming down and the firm banked on this.
A meeting was held with the shareholders of the Adani group. Addressing the shareholders, Gautam Adani said that Hindenburg aimed at hindering the reputation of the Adani group and it earned profits from bringing down the stock prices of the Adani group.
Gautam Adani said that when the group was in plans to launch the largest Follow-on Public Offering (FPO), Hindenburg Research announced its report which is the amalgamation of targeted misinformation and outdated allegations. The firm banked on the drive to bring down the stock prices, he said.
"Even though we promptly issued a comprehensive rebuttal, various vested interests tried to opportunistically exploit the claims made by the short seller. These entities engaged and encouraged false narratives across various news and social media platforms," Gautam Adani said.