"Recycled Claims Earlier Proven Baseless": Adani Group On Hindenburg Report | Read

The Adani Group has rejected the latest report by US-based short-seller Hindenburg Research as "recycled claims" that were earlier "proven baseless and dismissed by the Supreme Court". The conglomerate said the allegations were aimed at personal profiteering that disregarded facts and the law.

"For a discredited short-seller under the scanner for several violations of Indian securities laws, Hindenburg's allegations are no more than red herrings thrown by a desperate entity with total contempt for Indian laws," the group said in an exchange filing.