After a scathing report by US-based short-seller Hindenburg sparked not only a multi-billion dollar plunge in Adani Group stocks but also created a political furore, billionaire Gautam Adani blamed vested interests for exploiting the situation.
“The short-selling incident resulted in several adverse consequences that we had to confront. Even though we promptly issued a comprehensive rebuttal, various vested interests tried to opportunistically exploit the claims made by the short seller. These entities engaged and encouraged false narratives across various news and social media platforms,” Adani told shareholders in a letter.
