Adani evaluating remedial and punitive action against Hindenburg Research
New Delhi, Jan 26 (IANS) The maliciously mischievous, unresearched report published by Hindenburg Research on January 24 has adversely affected the Adani Group, our shareholders and investors, the Adani Group said in a statement on Thursday.
"The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens", Jatin Jalundhwala, Group Head, Legal, Adani, said.
"Clearly, the report and its unsubstantiated contents were designed to have a deleterious effect on the share values of Adani Group companies as Hindenburg Research, by their own admission, is positioned to benefit from a slide in Adani shares," he said.
"We hold short positions in Adani Group Companies through US-traded bonds and non-Indian-traded derivatives, along with other non-Indian-traded reference securities", Hindenburg Research had disclosed.
"We are deeply disturbed by this intentional and reckless attempt by a foreign entity to mislead the investor community and the general public, undermine the goodwill and reputation of the Adani Group and its leaders, and sabotage the FPO (Follow-on Public Offering) from Adani Enterprises (NS: ADEL ). We are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research," the Adani Group said.
--IANS
san/ksk/
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it's abivious adani share prices are artificially inflated..but if adani crashes who indian markets will crash and its is unlikely govt would let it happen .so much large at Plat here .nice opportunity to buy the dips in gud stocks which has fallen .Like 2
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Its quit obvious Adani srock price is inflated out of proportion out of nothing. I knew that this coming oneday for sure.Like 1
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if the hindenberg having short position before circulation of report than it's a great concern and to be benifted they might have created the reportLike 3
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the report is cautioning if any one has so much love u buy n support by buying shares ...oneday u will cry..some one cautioned yes bank before split..what happened become bankrupt. .Like 3
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Haha Staym scam, metha scam ab ek din ye bhi scam he hoga...Like 1
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This report is nothing but total farce. Handiwork of miscreants like foreign agencies and the opposition parties, which always want to destabilise Indian economy and fund these foreign agencies to malign the image of India and bring our economy to a haltLike
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Boom baamLike
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the report is cautioning if any one has so much love u buy n support by buying shares ...oneday u will cry..some one cautioned yes bank before split..what happened become bankrupt. .Like 5
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I knew this..... also felt that hindenburg research is wrong.... they are having melafide intent.Like 1
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so u r happy with valuation adani shares..how foolish it is.. if the report malafide why don't they drag hindenburg to international courts..ppl like you one day will become zero in mits just tell me what reason u buy a stock @700 peLike 3
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the report is not misleading. just because it's against you , it has to be misleading ? adani is god ??Like 5
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