On anniversary of Hindenburg report, Gautam Adani says group has emerged stronger
The HinduA year after a damning report by a U.S. short seller ripped through his apples-to-airport conglomerate, billionaire Gautam Adani on Thursday said the "trials and tribulations" of the past year have made the Adani group stronger as it continued on growth path, improving asset base and launching key projects, including the Dharavi redevelopment. "This period marked the launch of several key projects, including the world's largest renewable energy generation site in Khavda, a new copper smelter, a green hydrogen ecosystem, and the long-awaited redevelopment of Dharavi." Mr. Adani termed Hindenburg Research's charge of fraud and stock market manipulation as "lies" and a "compilation" of "old and dead allegations" that his "detractors had been trying to resurrect". "Fatuously self-styled as a research report", Hindenburg report "was a cunningly crafted set of selective half-truths sourced from disclosed and publicly available information," he said.