Adani Group terms Hindenburg allegations malicious

Adani Group on Sunday termed US short-seller Hindenburg Research’s latest allegations as malicious and manipulative of select 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.