Adani Group Responds to Hindenburg's Allegations, Calls Them Baseless and Malicious

There is significant uproar following the release of a new report by American short seller firm Hindenburg Research. The Adani Group has issued its first response to the report, which surfaced late Saturday evening. On Sunday, the Adani Group firmly denied the allegations made by Hindenburg, dismissing them as baseless and malicious. The group specifically refuted claims regarding any commercial connection with SEBI Chief Madhabi Puri Buch, which was highlighted in Hindenburg's report. This rebuttal aims to counter the negative impact of the report and assure stakeholders of the company's integrity and adherence to regulations. The controversy has sparked intense scrutiny and debate in financial and regulatory circles.