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Hindenburg steps up for Adani round two
Page 7 - Latest Updates on Hindenburg steps up for Adani round two
Adani Group shrugs off Hindenburg effect, back to rapid expansion spree
Adani group opened a USD 1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project. It started with the March 26 announcement of Adani Ports acquiring a 95 per cent stake in Gopalpur Port for Rs 3,350 crore, taking the number of seaports under its control to 15 - the highest with any private firm in the country. This was followed by Adani Enterprises Ltd - the group's flagship firm and business incubator - announcing on March 28
 "Adani Group shrugs off Hindenburg effect, back to rapid expansion spree")
Short seller attack was to defame India's governance practices: Adani
After the Hindenburg report's release, shares of the Adani group fell sharply but later recovered after the promoters sold shares and prepaid part of their debt
 "Short seller attack was to defame India's governance practices: Adani")
Hindenburg allowed us to refocus on our core businesses: Karan Adani
He also mentioned that the Group has understood the importance of "perception and brand" value after the Hindenburg affair
 "Hindenburg allowed us to refocus on our core businesses: Karan Adani")
Adani group offers first $409 million bond since Hindenburg crisis
Hindenburg levied accusations of fraud and stock manipulation in a report in early 2023
 "Adani group offers first $409 million bond since Hindenburg crisis")