Gautam Adani , Chairman of Adani group , addressed to the shareholders of the Company after the Securities and Exchange Board of India’s (SEBI) gave a clean chit on the allegations made by US short-seller Hindenburg Research.

Adani reaffirms governance, calls Hindenburg report a direct challenge

Adani stated in the letter to the shareholders that, “ Hindenburg ’s report was not merely a critique of your Adani Group. It was a direct challenge to the audacity of Indian enterprises to dream on a global scale.”

He added that while the report tested the group’s governance and purpose, the SEBI verdict “delivered a resounding and unequivocal” dismissal of the allegations. “With SEBI’s clear and final word, truth has prevailed,” he said.

Adani pledges stronger governance and bigger pus

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