Answers to Hindenburg’s 65 queries are in the public domain, says Adani Group

The Adani Group on Sunday said answers to 65 of the 88 questions raised in the Hindenburg report have already been disclosed by the Adani Portfolio companies in annual reports available on their websites, offer memorandums, financial statements and stock exchange disclosures from time to time.

In a detailed point-by-point rebuttal, the group maintained that the charges levelled in the report appeared to be “selective and manipulative presentation of matters already in the public domain to create a false narrative”. It also shows complete ignorance or deliberate disregard for applicable legal and accounting standards as well as industry practices, the group said.