'Group Delivered Record Financial Results Amid Turbulence': Gautam Adani | Read

The Adani Group not only withstood a dual assault triggered by the report issued by short seller Hindenburg Research but also delivered record financial results during the turbulence, the conglomerate's Chairman, Gautam Adani, said on Thursday.

Addressing a special Teachers' Day Event, 'Breaking Boundaries', at the Jai Hind College in Mumbai, Mr Adani said the Adani Group has assembled a set of leaders who dare to repeatedly venture into the unknown and take on challenges, and this was on display after the report by Hindenburg last year. 

Recalling the attack, Mr Adani said, "It was a short-selling attack initiated from abroad. This was not a typical financial strike. It was a dual assault targeting our financial stability and pulling us into a political storm. It was a calculated move, timed just days before the close of our Follow-on Public Offer and designed to cause maximum damage - and further amplified by certain media with vested interests."