Adani Airports on Wednesday said there is no rethink on the pace of expansion and it was following the investments as per plans submitted to the government, amid the parent group facing certain challenges in recent times.
The comments from company’s CEO Arun Bansal come against the backdrop of Adani Group facing challenges in the wake of a report by US-based short-seller Hindenburg Research.
In January, the short-seller had accused the conglomerate of using offshore shell companies to inflate its listed companies’ stock prices as well as of accounting fraud.
It had also flagged concerns about Adani Group’s Rs 2.3 lakh crore debt in the report. Adani Group has denied the allegations.
