Gautam Adani Explains How Adani Group Countered Short-Seller's Attack

"This attack on us not only played out in the financial market but also played out in the political theatre. Both played out in conjunction," Adani Group Chairman Gautam Adani said

Adani Group Chairman Gautam Adani at an event in Mumbai explained to the audience how the conglomerate countered false allegations in the Hindenburg matter, came out stronger, and bounced back in no time.

"As far as my first reaction was concerned - when the news first came, I could see that the published material was all old allegations, which had been recycled in a different way. Such attacks were not new - and I felt that, like many earlier attacks on us, this too will pass quickly. In fact, it was business as usual," Mr Adani said.

Mr Adani, however, acknowledge it was a sophisticated form of attack on the conglomerate.