Pointing out that the Hindenburg report was a direct challenge to the “audacity” of Indian enterprises trying to dream global, Gautam Adani , chairperson of Adani Group , in letter written to his company’s shareholders on Wednesday stated that the clearance from Securities and Exchange Board of India (SEBI) was a “powerful validation” for the way the company operates.

“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. For your Group, it marked the beginning of a test that pushed every dimension of our resilience. It questioned our governance, our purpose and even the very idea that Indian companies could dare lead the world in scale and ambition,” wrote Adani while thanking i

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