After SEBI’s clean chit, Adani in the new attitude, called to move towards big development

Sebi gives clean chit to adani: The report of the American short seller Hindonburg Research firm shook the Adani Group and the entire industry. This report caused a huge financial shock to the group. However, after receiving a clean chit from the market regulatory SEBI, the shares of Adani Group recorded a strong rise. Meanwhile, Gautam Adani, chairman and founder of Adani Group, has given his response by writing a letter to the bed holders.

Adani’s shareholders letter to

Gautam Adani said that the direct purpose of Hindenberg’s report was to weaken the group, but in reality it has strengthened the group. He demanded a national apology from Hindonburg on social media.

In the letter, Adani emphasized the commitment of the group towards transparency and good governance. He said that on the morning of 24 January 2023, it will always be remembered when the Indian market opened with such headlines whose echoes reached far beyond the Street.

“Indian dream challenge globally”

Adani wrote: “This report was not just criticizing the Adani Group, but a challenge to the courage of Indian enterprises globally. It questioned our rule, purpose and even the idea that Indian companies can dare to lead the world in terms of standard and ambition.”

SEBI’s decision and “Satyamev Jayate”

Last week, SEBI dismissed the allegations against the Adani Group. Adani said: “With the clear and final decision of SEBI, the truth has won. The purpose of which we had to weaken, have strengthened our foundation. Satyamev Jayate – will only win the truth.”

In a letter to the shareholders, Gautam Adani further said that this moment is more than just one regulatory approval. This is the rule, transparency and a strong confirmation of which this company of the Adani group has always worked. He further said that the true evidence of our flexibility cannot be described in words, but is linked in our performance during this period.

Also read: SEBI’s Adani Group has a clean chit, said- ‘No power is not seen in Hindonberg’s allegations, evidence absent’