look news india
Gautam Adani is celebrating his 62nd birthday today. On this occasion, he organized the Annual General Meeting (AGM) of the Adani Group. Gautam Adani looked very angry at the AGM and his birthday and once again targeted Hindenburg Research. Targeting Hindenburg, he said that this report has been made only to defame us. The report did not find any evidence of how the group was criticized. Let us also tell you what he said next.
Reversal on the Hindenburg
Adani Group Chairman Gautam Adani once again discussed the Hindenburg incident on the occasion of the group's 32nd AGM and his 62nd birthday. Last year, Adani had said about the report of an American short seller against the group that it was a conspiracy to defame us. It was a two-pronged attack, a sharp criticism of our finances. Adani said that in margin-linked financing, we have raised Rs. 17,500 crore by making an advance payment to deal with any volatility and protect our portfolio.
Stock prices hit new record highs
Gautam Adani said that the way the group is doing its work. All things are transparent. The kind of commitment the group shows. Rating agencies, financial groups and global investors like GQG, Total Energy, US Development Finance Corp are giving their seal of approval. This is the reason why most of the companies of Adani Group have come out of the Hindenburg effect. Stock prices reached new record highs.
When there was a loss of 150 billion dollars
In a report, Hindenburg accused the group of stock manipulation and improper use of tax havens, which led to a sell-off in all of Gautam Adani's companies. Due to which the market cap of Adani Group decreased by $ 150 billion. After this, Adani Group started reducing all its debts and tried to win the trust of investors. Meanwhile, an American investment firm named GQG showed confidence in Adani Group companies and invested heavily. Due to this, the shares of Adani Group have started rising. Currently, the market cap of Adani Group has crossed Rs. 16 lakh crore.
