Speaking at the AGM of his group companies, Gautam Adani said Hindenburg Research published a report to short group stocks just as it was planning to launch the largest Follow-on Public Offering in India's history. Billionaire Gautam Adani on Tuesday reiterated that the Hindenburg report was a combination of misinformation and discredited allegations. Speaking at the AGM of his group companies, he said that on the eve of Republic Day this year, US-based short-seller Hindenburg Research published a report to short group stocks just as it was planning to launch the largest Follow-on Public Offering in India's history. "The report was a combination of targeted misinformation and discredited allegations, the majority of them dating from 2004 to 2015. "While we promptly issued a comprehensive rebuttal, various vested interests tried to exploit the claims made by the short seller.

Source: dna July 18, 2023 12:05 UTC