Hindenburg report deliberate, malicious attempt to damage reputation: Adani

The report released by US-based short seller Hindenburg in January was a “combination of targeted misinformation and discredited allegations” and a “deliberate and malicious attempt” at damaging the Adani Group’s reputation, Gautam Adani said on Tuesday.

Speaking at the group’s annual general meeting (AGM), its chief Adani said the report aimed to generate profits from a short-term drive down of the stock prices.

“The majority of allegations dated from 2004 to 2015. They were all settled by appropriate authorities at that time,” he said.