Key Points
Adani Group on Sunday termed US short-seller Hindenburg Research's latest allegations as malicious and manipulative selections of public information, saying it has no commercial relationship with SEBI chairperson or her husband...
"The latest allegations by Hindenburg are malicious, mischievous and manipulative selections of publicly available information to arrive at pre-determined conclusions for personal profiteering with wanton disregard for facts and the law...
"We completely reject these allegations against the Adani Group which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Hon'ble Supreme Court in January 2024," the group said in a filing...
Hindenburg on Saturday stated that SEBI head Madhabi Puri Buch and her husband invested in offshore entities that were allegedly part of a fund structure managed by India Infoline and in which Vinod Adani, Gautam Adani's brother, also had investments...
We remain steadfastly committed to transparency and compliance with all legal and regulatory requirements," it said.. Adani said for "a discredited short-seller under the scanner for several violations of Indian securities laws, Hindenburg's allegations are no more than red herrings thrown by a desperate entity with total contempt for Indian laws"..
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