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What Does Sagar Adani Have To Say About The Hindenburg Crisis

The company also lost millions in share value overnight. New mergers and acquisitions could not take place. The accusations were so severe that the SEBI had to call in to investigate the matter. The Adani SEBI probe continued for a year. However, no such strong proof was found.

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What Does Sagar Adani Have To Say About The Hindenburg Crisis

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  1. What Does Sagar Adani Have To Say About The Hindenburg Crisis?

  2. Sagar Adani, Gautam Adani’s nephew and the executive director of Adani Green Energy, is responsible for handling the conglomerate’s energy business and finance. He is also credited for establishing the Adani Group’s entire solar and wind portfolio. In a recent interview, Sagar Adani has opened up on the Hindenburg crisis. He has thrown light on how the Hindenburg report has impacted Adani Group’s business and how the global conglomerate was able to recover from the situation.

  3. The Adani Hindenburg Case: The Hindenburg Report served as a massive blow to the Adani Group’s business. It caused the conglomerate’s business to suffer severely. A lot of business operations had to be halted. Various investors started losing faith. The company also lost millions in share value overnight. New mergers and acquisitions could not take place. The accusations were so severe that the SEBI had to call in to investigate the matter. The Adani SEBI probe continued for a year. However, no such strong proof was found.

  4. Sagar Adani’s Take On The Hindenburg Report: As per Sagar Adani, the Hindenburg report and the Adani SEBI report came as a huge shock to the people. The report was an accumulation of everything that was alleged against the company over the past decade. It did cause a severe blow to the business. However, the group still maintained a consistent approach and it tried to carry out its business operations in the best way possible even during times of crisis. When asked about the existing controversies on account fraud and stock manipulation, Sagar Adani mentioned that the company has been working in the regulatory context of SEBI and in a market like India where everything is closely monitored, these allegations are completely baseless. Even after months of Adani SEBI probe, nothing was found. This has enhanced the trust of the people in Adani Group’s business.

  5. The Role of the Investors: Sagar Adani mentioned that it was because of the trust that the investors showed in the Adani Group’s business, it was able to recover from the situation. The company has the most diverse institutional holdings and long-term equity in the portfolio. The business has long-term players like Qatar Investment Authority. It has been in partnership with France TotalEnergies who have been an active investor in the Group’s business.

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