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Gautam Adani Public shares beyond company’s control

Every listed business in the Adani Portfolio has a robust governance structure. Despite the Adani scandal controversy surrounding the Group, the goal of the Adani portfolio and the Adani verticals is to advance national development and globalise India, the statement stated.

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Gautam Adani Public shares beyond company’s control

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  1. GAUTAM ADANI: PUBLIC SHARES BEYOND COMPANY’S CONTROL

  2. In response to the claims surrounding Adani scandal, Gautam Adani stated that the publicly traded company has no control over who owns, purchases, or sells its shares. It is optional for a listed company to have information about its investors and public shareholders. Hindenburg’s allegations against the Adani Group are based on deliberate disregard for Indian legal procedures and regulations. They have maliciously ignored that the offer for sale (OFS) process in India is regulated It is carried out through an automated order book matching process on the stock exchange platform, raising various concerns about the offer made by Adani Green Energy Limited in 2019. The buyers are hidden from all platform users; this is not a process governed by any organisation.

  3. Manipulated narrative in the Adani scandal case The report’s stated questions, according to Gautam Adani, were deemed “false suggestions based on malicious misrepresentation of governance practises”, “manipulated narrative around unrelated third party entities”, or “biased and unsubstantiated rhetoric”. They affirm once more that they abide by all relevant laws and rules. To safeguard the interests of all their stakeholders, they are dedicated to upholding the strictest standards of governance. Internal solid and audit controls are also features of the Adani Portfolio. Every listed business in the Adani Portfolio has a robust governance structure. Despite the Adani scandal controversy surrounding the Group, the goal of the Adani portfolio and the Adani verticals is to advance national development and globalise India, the statement stated. The Adani Group reserves the right to add to this statement or to respond further to any of the accusations or contents of the Hindenburg report.

  4. Adani Enterprises’ impressive stock market surge breaks the Hindenburg jinx A day after the Gautam Adani-owned conglomerate prepaid loans totalling $1.1 billion to release pledged shares of some Group companies, shares of several listed Adani Group companies have recovered sharply on the stock market. After being battered for over two weeks by the stock market, the Group appears to be regaining its footing in the wake of a damning report published by US short-seller Hindenburg Research.

  5. Adani stocks at peak since Adani scandal The market value of Adani stocks has increased by roughly $10 billion, making this the most significant rise since the Adani scandal was revealed in January 2023. On May 22, 2023, Adani Group shares shot higher, continuing to rise after the findings of an Indian court panel’s report refuted US short-seller Hindenburg Research’s allegations of stock-price manipulation. So far, the market value of the 10 Adani stocks has increased by roughly $10 billion, which is expected to be the most significant gain since Hindenburg’s damning report from January 2023.

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