Adani to release detailed response on allegations made by US short seller Hindenburg when its FPO is over

According to those acquainted with the situation, Adani Group won't respond fully to the accusations made by US short seller Hindenburg Research until after the conclusion of its fresh share sale, which is scheduled to end on January 31.

Adani Group to give detailed rebuttal of allegations on Friday i.e. 3rd Feb 2023

According to bondholders who took part in a conference call with Adani officials, the group owned by Asia's richest man Gautam Adani had stated that it would provide a thorough rebuttal on Friday. Although it had provided some answers, the longer response did not come as anticipated.

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Adani group prepares 100 page response & seeks legal guidance when to release it

One of the people, who asked to remain anonymous since the information is confidential, stated that the group has written a response that is more than 100 pages long and is also seeking legal guidance on when to distribute it. The people did not say when they will respond, but it won't be before January 31.

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