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New Delhi, Jan 26 The maliciously mischievous, unresearched report published by Hindenburg Research on January 24 has adversely affected the Adani Group, our shareholders and investors, the Adani Group said in a statement on Thursday."The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens", Jatin Jalundhwala, Group Head, Legal, Adani, said."Clearly, the report and its unsubstantiated contents were designed to have a deleterious effect on the share values of Adani Group companies as Hindenburg Research, by their own admission, is positioned to benefit from a slide in Adani shares," he said."We hold short positions in Adani Group Companies through US-traded bonds and non-Indian-traded derivatives, along with other non-Indian-traded reference securities", Hindenburg Research had disclosed."We are deeply disturbed by this intentional and reckless attempt by a foreign entity to mislead the investor community and the general public, undermine the goodwill and reputation of the Adani Group and its leaders, and sabotage the FPO (Follow-on Public Offering) from Adani Enterprises. We are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research," the Adani Group said.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Jatin jalundhwala, Latest News

National :Adani Group answers all 88 questions raised by Hindenburg Research; including age of its auditors

The Adani group, in a sharp and focused response to Hindenburg Research's report on its businesses, has responded to ... ...

Business :Adani group mulls legal options in US, India against Hindenburg Research

Adani Group on Thursday said it is mulling legal options in the US and India against Hindenburg Research after ... ...

Business :Adani groups mulls legal options in US, India against Hindenburg Research

Adani Group on Thursday said it is mulling legal options in the US and India against Hindenburg Research after ... ...

International :Adani evaluating remedial and punitive action against Hindenburg Research

New Delhi, Jan 26 The maliciously mischievous, unresearched report published by Hindenburg Research on January 24 has adversely ... ...