The Adani group has reportedly claimed the support of top Japanese and European banks at its investor roadshows held across the globe from Singapore to the US, following the damaging allegations by American short-seller Hindenburg.
A Reuters report, quoting a note put out by the conglomerate, said global banks such as Mitsubishi UFJ Financial Group Inc, SMBC, Mizuho Financial group, Standard Chartered, Barclays and Deutsche Bank have reaffirmed their confidence in the group.
While the document did not elaborate on how the lenders have reposed their faith on the conglomerate, it is being seen as an attempt to soothe investor concerns in the aftermath of the Hindenburg report which at one point of time wiped out more than $130 billion of the market value of the groups’ listed companies.
