Gautam Adani, the head of India’s Adani Group, told students at Mumbai’s Whistling Woods International Institute how a false claim by the U.S. short‑seller Hindenburg Research almost wiped out the conglomerate’s market value.
Adani said that in January 2023, Hindenburg released a report accusing the Adani Group of financial irregularities. The alert sparked a wave of doubt, and within days the company’s shares fell sharply, erasing more than $100 billion in market value. The group had no change in fundamentals – the drop was driven entirely by a misfired narrative that spread quickly through global media and online channels.
He stressed that the episode exposes how fast a story can move the markets, sometimes faster than numbers or facts. “If we stay silent, others write our story,” Adani said. “We must own our narrative honestly, not as propaganda, but with purpose.”
In the meantime, the Securities and Exchange Board of India (SEBI) cleared the Adani Group of any violations linked to the Hindenburg allegations, saying there was no breach of listing rules or related‑party transaction requirements.
Adani’s key takeaway for businesses and investors is simple: stay proactive, communicate clearly, and let truth and transparency guide how you’re perceived in the market.
Source: aninews
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