To win back investors’ trust, Adani Group to probe Hindenburg allegations

In a statement issued on Tuesday, the Adani Group said that it is going to initiate an independent assessment pertaining to the various allegations raised against it in the Hindenburg Research Report. The report released on January 24 raised multiple issues relating to irregularities in Adani Group’s books and corporate governance lapses, as reported in the The Economic Times (ET).

“Relating to allegations made by a short seller report on matters involving some of the Adani Group entities, including the company Adani Green Energy Ltd (AGEL)… The management of the company is evaluating an independent assessment to look into the issues and compliance with applicable laws and regulations, transaction specific issues, etc,” AGEL said in a stock exchange disclosure as part of its quarterly results on Tuesday.