CESTAT

Adani Group Condemns Financial Times’ Malicious Campaign to Tarnish its Global Reputation

Retrieved on: 
Tuesday, October 10, 2023
Other Transport, Legal, Technology, Other Energy, Transport, Other Technology, Professional Services, Coal, Energy, Other Professional Services, Knowledge, CERC, Government, Adani Group, Financial Times, JSW Steel, Reliance Infrastructure, Essar Group, Disclosure, MSTC, Supreme, NTPC, Adani, FT, CESTAT, Central Electricity Regulatory Commission, Hostility, Playbook, Supreme court, Supreme Court of India, Name, Observation, OCCRP, Real-time

The Adani Group, India’s leading integrated business conglomerate, issued a media statement against Financial Times, for repeatedly planting defamatory reports against it.

Key Points: 
  • The Adani Group, India’s leading integrated business conglomerate, issued a media statement against Financial Times, for repeatedly planting defamatory reports against it.
  • This is evident from a large set of queries shared by one of their reporters’ seeking responses from the Group.
  • It published a factually incorrect story regarding funds raised by the Adani Group.
  • Adani Group issued the following statement on 9 October 2023:
    “There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group.

Adani Group Hits Back with Detailed Responses to Hindenburg's Unsubstantiated Accusations

Retrieved on: 
Wednesday, February 1, 2023
Bank statement, Emirates NBD, Internal, Statutory auditor, ISO, Law of the United Kingdom, Deutsche Bank, FPO, Barclays, National Company Law Appellate Tribunal, JPMorgan Chase, UBS, Adani Group, Holcim, Retirement, IHC, Supreme court, Acquisition, EBITDA, Audit committee, International Financial Reporting Standards, Sale, Citigroup, OFS, MUFG, ESG, Hindenburg Research, BNP Paribas, Goodness, USD, Growth, Policy, Bank of America, DBS, Corporate responsibility, TotalEnergies, QIA, Bank, CFOS, Standard Chartered, CESTAT, Audit, Security (finance)

18 questions are pertaining to public shareholders and third parties (and not the Adani portfolio companies), while the balance 5 are baseless allegations based on imaginary fact patterns.

Key Points: 
  • 18 questions are pertaining to public shareholders and third parties (and not the Adani portfolio companies), while the balance 5 are baseless allegations based on imaginary fact patterns.
  • We take serious objection to Hindenburg that chose to mislead the investors, watchdogs and policy makers at a time when Adani Enterprises Ltd has launched country's largest FPO.
  • The Group is deeply committed to its stakeholders and is thankful to them for standing with us over the past 30 years.
  • Shockingly, Hindenburg's attack on the trust of the Group's stakeholders undermines its commitment to 'Growth with Goodness'.

Adani Group Hits Back with Detailed Responses to Hindenburg's Unsubstantiated Accusations

Retrieved on: 
Wednesday, February 1, 2023
Bank statement, Emirates NBD, Internal, Statutory auditor, ISO, Law of the United Kingdom, Deutsche Bank, FPO, Barclays, National Company Law Appellate Tribunal, JPMorgan Chase, UBS, Adani Group, Holcim, Retirement, IHC, Supreme court, Acquisition, EBITDA, Audit committee, International Financial Reporting Standards, Sale, Citigroup, OFS, MUFG, ESG, Hindenburg Research, BNP Paribas, Goodness, USD, Growth, Policy, Bank of America, DBS, Corporate responsibility, TotalEnergies, QIA, Bank, CFOS, Standard Chartered, CESTAT, Audit, Security (finance)

18 questions are pertaining to public shareholders and third parties (and not the Adani portfolio companies), while the balance 5 are baseless allegations based on imaginary fact patterns.

Key Points: 
  • 18 questions are pertaining to public shareholders and third parties (and not the Adani portfolio companies), while the balance 5 are baseless allegations based on imaginary fact patterns.
  • We take serious objection to Hindenburg that chose to mislead the investors, watchdogs and policy makers at a time when Adani Enterprises Ltd has launched country's largest FPO.
  • The Group is deeply committed to its stakeholders and is thankful to them for standing with us over the past 30 years.
  • Shockingly, Hindenburg's attack on the trust of the Group's stakeholders undermines its commitment to 'Growth with Goodness'.