Gautam Adani blames vested interests for exploiting Hindenburg claims

Adani Group founder Gautam Adani has claimed that vested interests exploited the aftermath of the short seller Hindenburg’s report, which caused a drop in the group’s market capitalisation. In a letter to shareholders, Adani accused unnamed parties of spreading false claims across news and social media platforms. While Sebi continues to investigate the allegations levelled by Hindenburg, a panel appointed by the Supreme Court has found no evidence of any individual or group manipulating stock price rises. Adani now aims to complete construction of the group’s projects ahead of schedule and boost its revenue.