The Adani group has termed the Hindenburg Research report as not merely an “unwarranted” attack on any specific company but “a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India”.
In a 413-page response to the allegations made by Hindenburg, the group said the US firm’s conduct is “nothing short of a calculated securities fraud” and contempt for Indian regulators and judiciary.
