Attempt aimed at damaging Group’s reputation: Gautam Adani on Hindenburg report

Billionaire Gautam Adani on Tuesday invoked growth prospects of ‘matrabhumi’ India and the potential it offers for his business empire as he again slammed US short-seller Hindenburg for a ‘malicious’ attempt to damage the reputation of his conglomerate.

At the annual shareholders meeting of his ports-to-energy conglomerate, Adani said the group’s assets and operating cashflows have got stronger and healthier and it will continue to consolidate what it has built while looking at expanding its horizons.

He used the same language as he had used in the annual reports of his group’s listed firms last month, to hit back at Hindenburg Research’s “malicious” allegations and “false narratives” that “various vested interests tried to exploit”.