A report against the shares of the American research company Hindenburg’s Adani Group has shaken veteran industrialist Gautam Adani. Adani Group shares started falling after the release of the report on 24 January and continued till the close of trading on 3 February. However, sentiment improved slightly after a positive report from Fitch. The position of the shares of the group. On Friday, Adani Group sold 4 out of 10 shares, which were trading at lower levels in the previous trading session.
There is a section in India which is calling this Hindenburg report on Adani Group a conspiracy. He says that ever since India’s image has been strengthened in the global world, since then somewhere a conspiracy is being hatched to tarnish India’s image. India is taking the help of a veteran industrialist this time to tarnish its image.
Troubled industrialist Gautam Adani has got the support of veteran industrialist Anand Mahindra after the report of America’s short selling firm Hindenburg came to the fore. Anand Mahindra has reprimanded the foreign media without naming anyone. Also advised that one should never bet against India.
Global media is speculating whether current challenges in the business sector will trip India’s ambitions to be a global economic force. I’ve lived long enough to see us face earthquakes, droughts, recessions, wars, terror attacks. All I will say is: never, ever bet against India
— anand mahindra (@anandmahindra) February 4, 2023
Let us tell you that this tweet of Anand Mahindra has come at a time when Adani Group is surrounded from all sides after the report of American company Hindenburg. Shares of group companies are continuously falling. This has caused a loss of $ 108 billion to Adani group companies.
At the same time, Gautam Adani has also been out of the list of top 20 richest billionaires in the world. Meanwhile, monitoring of Adani Group has increased from government to SEBI. However, some rating agencies and foreign companies with stake in the group continue to have faith in the Gautam Adani Group.