{"id":555368,"date":"2023-02-14T10:41:07","date_gmt":"2023-02-14T05:11:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=555368"},"modified":"2023-02-14T11:44:41","modified_gmt":"2023-02-14T06:14:41","slug":"adani-group-tries-to-calm-market-says-business-plans-fully-funded","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-tries-to-calm-market-says-business-plans-fully-funded\/","title":{"rendered":"Adani Group tries to calm market, says business plans fully-funded"},"content":{"rendered":"<p>The embattled Adani Group on Monday attempted to calm the market as a rout in its shares continued, saying its growth plans are intact, business plans are fully funded and it remains confident of delivering returns to shareholders.<\/p>\n<p>Market value of the group\u2019s seven listed companies has halved since a January 24 report by US-based short-seller Hindenburg Research alleged that Adani pulled \u201cthe largest con in corporate history\u201d using offshore tax havens and stock manipulation.<\/p>\n<p>The Group has denied all allegations, calling them \u201cmalicious\u201d, \u201cbaseless\u201d and a \u201ccalculated attack on India\u201d. It called Hindenburg the \u201cMadoffs of Manhattan\u201d, referring to the late financier and fraudster Bernie Madoff.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The embattled Adani Group on Monday attempted to calm the market as a rout in its shares continued, saying its growth plans are intact, business plans are fully funded and it remains confident of delivering returns to shareholders. Market value of the group\u2019s seven listed companies has halved since a January 24 report by US-based short-seller Hindenburg Research alleged that Adani pulled \u201cthe largest con in corporate history\u201d using offshore tax havens and stock manipulation. The Group has denied all allegations, calling them \u201cmalicious\u201d, \u201cbaseless\u201d and a \u201ccalculated attack on India\u201d. It called Hindenburg the \u201cMadoffs of Manhattan\u201d, referring to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-555368","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=555368"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555368\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=555368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=555368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=555368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}