Should investors be concerned about fresh allegations on Adani Group? Deven Choksey answers

Let us first start by understanding the rebuttal now from the Adani Group as to how these allegations are nothing new, but just recycled...

If at all the genuine short selling has taken place and if at all they have genuine information to share, my understanding is that it is better to contact to Indian regulators and talk to them and put your case to them.. Clearly, this new report reiterating the old facts again, it is pretty much a rehash and recycle of the same old stuff..

On the contrary, I believe that the market has become very mature on this subject now and probably I think do realise that this infrastructure assets which are cash generating, they are absolutely most enviable assets and any other investor of the world would like to buy into India's growth story, they certainly would like to buy this asset at a cheaper cost, that is one of the reasons for which I feel that this particular story is being played out by shortening the stocks and buying at a lower price from the market that is what is going on, it is unfortunate..

They have fully understood the valuation at which they should be bought and with the 25 to 50 years kind of a visibility that you have of these infrastructure assets which are generating cash, I believe that any sensible investor would probably take a long-term view, which I believe has already been taken...

So, frankly speaking, the market understands this particular subject as I call it and maybe whatever the short-term objectives that one has, I guess the long-term objectives have not changed...

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