Adani Group mulls independent review after Hindenburg’s criticism
1 year, 11 months ago

Adani Group mulls independent review after Hindenburg’s criticism

Live Mint  

Adani Group is considering independent assessment into the issues of related party transactions, and others made by US shirt seller Hindenburg, according to the filings. Adani Group-led by Gautam Adani has been facing the heat after US short seller Hindenburg Research accused the Adani Group of 'brazen stock manipulation and accounting fraud scheme over the course of decades.' "We draw attention to Note 20 to the unaudited consolidated financial results, relating to allegations made by a short seller report on matters involving some of the Adani Group entities, including the Group. According to Adani Green Energy, Adani Ports and Special Economic Zone, the regulatory filings noted 'certain issues against some' Adani group entities, they may be looked into.

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