BENGALURU: Shares of Adani Group companies fell between 3% and 6% on Monday after Deloitte resigned as auditor of Adani Ports, the first such move at the Gautam Adani-led conglomerate since US short-seller Hindenburg’s report on the company in January.
Deloitte, Adani Ports’ auditor since May 2017, quit amid concerns over certain related party transactions that Hindenburg had raised and which the company did not wish to look into independently, Reuters reported on Friday.
Adani Ports said Deloitte, which does not audit any of the other core listed Adani Group companies, had all the necessary information and its reason to quit was “not convincing.”
