Business Standard

Hindenburg allowed us to refocus on our core businesses: Karan Adani

He also mentioned that the Group has understood the importance of "perception and brand" value after the Hindenburg affair

Karan Adani, Managing Director of Adani Ports and Special Economic Zone Limited
Premium

Karan Adani, Managing Director of Adani Ports and Special Economic Zone Limited

Deepak Patel New Delhi

Listen to This Article

The allegations from Hindenburg Research and their impact on Adani Group are now considered “way back in the past”, Adani Ports and Special Economic Zone Managing Director Karan Adani said in an interview with Business Standard.

He emphasised that the entire situation provided an opportunity for the group to redirect its focus towards its core businesses. Adani acknowledged the significance of “perception and brand” value in the aftermath of the Hindenburg affair.

In January 2023, the US investment research firm accused Adani Group of “stock manipulation and accounting fraud”, along with improper use of offshore tax havens and concerns over high debt.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 11 2024 | 7:17 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com