Hindenburg’s report questioned governance of Indian cos: Adani

Hindenburg’s report was not merely a critique of Adani Group.

- FPJ News Service

It was a direct challenge to the audacity of Indian enterprises to dream on a global scale, Adani Group Chairman Gautam Adani said on Wednesday.

‘January 24, 2023 will be remembered as a morning when India’s markets awoke to headlines that reverberated far beyond Dalal Street.

“For your Group, it marked the beginning of a test that pushed every dimension of our resilience. It questioned our governance, our purpose and even the very idea that Indian companies could dare lead the world in scale and ambition,” Adani said in a letter to shareholders.

Fast forward, and last week, the Sebi delivered a resounding and unequivocal verdict dismissing the allegations against the Group.