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Totally ‘false’ story was weaponised against us: Adani
The Business Guardian
|October 12, 2025
Adani Group Chairman Gautam Adani, on Friday, recounted the sharp impact of a “false” script weaponised against the conglomerate by Hindenburg Research, a foreign short-seller, which resulted in the USD 100 billion market value erased.
He said in today’s world, the truth must also be loudly proclaimed as “silence leaves space for others to script your destiny.”
Addressing students at Whistling Woods International Institute in Mumbai, Adani Group Chairman said, “I can say from my personal experience, because I saw firsthand how swiftly a false script could be propagated when, in January 2023, a foreign short seller, Hindenburg Research, launched a calculated attack against us. It was not just a short seller report that they had published, but a manipulated script crafted to provoke doubt and amplified through multiple global echo systems.”
This story is from the October 12, 2025 edition of The Business Guardian.
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