Aadani Response to Hindenburg - Summary
Adani Group has provided detailed responses to the Hindenburg Report, strongly rejecting its claims with statements describing it as malicious. Despite these responses, the Adani stock has continued to slide in the market. The report is seen as a harmful mix of misinformation and hidden facts designed to push baseless allegations, aimed at achieving ulterior motives. It is filled with conflicts of interest and seems to attempt to create a false market in securities to benefit Hindenburg, a known short seller, while putting countless investors at risk.
According to Adani Group, this situation is not merely an attack on a specific company but a calculated assault on India’s integrity, independence, and the growth story that the nation is building. The report poses “88 questions,” but Adani notes that 65 of these queries can be found in the annual reports of Adani Portfolio companies, which are publicly available on their websites, along with other financial disclosures and stock exchange details.
Aadani Response to Hindenburg – Clarifying the Allegations
Aadani Reply to Hindenburg
- Adani Group has rejected 21 of the questions, stating they refer to information available in public documents since 2015 and cannot be seen as part of recent investigations. These 21 issues relate to court cases and revenue intelligence, and thus, are not addressed.
- Baseless allegations about compliant transactions: Allegations numbered 9, 15, 19, and others simply repeat disclosures from Adani’s financial statements to present a skewed image. These details have already been examined by qualified third parties and comply with proper accounting standards and laws.
- Misleading claims regarding offshore entities: Allegations numbered 4, 36, 37, 38, and 39 refer to offshore companies and are based on reckless, unproven assertions without understanding Indian law on related parties.
- False representations of governance practices: Allegations numbered 34, 62, 63, and others use selective data to imply wrongdoing, while Adani has established numerous corporate governance policies overseen by an independent Corporate Responsibility Committee. Our approach to Environmental, Social, and Governance (ESG) is well-structured, with commitments verified through a rigorous assurance process.
- Misrepresented narratives about third-party entities: Allegations numbered 5, 6, 7, 8, and others ask about our public shareholders. In reality, publicly traded company shares change hands frequently, and a listed company does not control or require information about its shareholders.
- Unsubstantiated, biased rhetoric: Allegations numbered 84, 85, 86, and 88 contain biased claims about our willingness to face criticism, disguising them as questions. Criticism must not cross the line into false statements that harm stakeholders. We will always seek legal remedies in such situations, complying with all legal and judicial processes.
You can download the Aadani Response to Hindenburg PDF using the link given below.
