Gautam Adani sets priorities after SEBI dismisses Hindenburg allegations: ‘We must build not for…’
Billionaire Gautam Adani announced that the port-energy holding will focus on accelerating innovation, increasing transparency and having a permanent, meaningful impact. This comes after the rejection of the Indian securities and the Board of Stock Exchange (Sebı) about Hindenburg’s accounting irregularities, stock manipulation and the participation of opaque open marine organizations.
News agency PTI He saw an internal message to the staff from Adani: “Today, a cloud hanged on us for more than two years has been removed. Sebi’s comprehensive investigation ended by rejecting all the allegations in the Hindenburg report from January 2023.”
Tycoon said, iz We must build for a heritage that lasts for decades, not for today’s applause. The headlines are lost, but what we create should leave a mark on history. Either we shape the future with what we imagine, or we shape it with what we are afraid of to the future. ”
Following the publication of the report, Sebı launched various investigations, including probes for the relevant party transactions and open maritime fund arrangements. In two separate orders, Konglomere said that there is no evidence that there is no evidence to use the relevant party transactions to provide funds to the listed companies, and that the transactions emphasized by Hindenburg were not described as the relevant party transactions.
However, Sebi’s orders do not reject other allegations made by Hindenburg, and the Adani Group is still faced with regulatory pressure due to the US Department of Justice in the 265 million USD bribery case.
Claims ‘targeted, multidimensional attack’
The allegations led to a sharp Sellloff in Adani Group’s publicly -open companies, erasing a market value of $ 150 billion at a stage. Adani Group constantly rejected the allegations made by Hindenburg, who stopped operations since then. Adani described these allegations as a part of a targeted, multidimensional attack ”and said,“ This attack was never just a market activity ”.
Despite the worldwide investigation, he tied continuous operational progress to his employees. Adani, despite the examination of the group’s workforce, he accepted for successfully carrying out important infrastructure projects. The development of ports, power plants, airports and renewable energy initiatives has progressed steadily, even if it is interested in group reputation and legal difficulties.
‘Adani character is not just broken’
“While the world discussed us about us, our ports expanded, the transmission lines extended, the power plants ran reliably, the renewable projects continued to green the world, the airports progressed, the cement furnaces were fired and the logistics teams were perfectly delivered. PTI.
He said that the company is more flexible and summarizes its future goals that increase transparency, innovation, long -term value and transformation. Adani should remain as the basis of everything that we do, inseparable, uncompromising and brutally protected, “Adani added Adani.
In the report, additional priorities will include accelerating innovation in energy, logistics and infrastructure, creating a permanent heritage that goes beyond short -term attention, and active transformation rather than influencing the future.
Meanwhile, as of Monday, Adani Enterprises LTD shares rose by more than 80% of the year and exceeded Nifty 50 index.
