Adani Group emerges stronger after Hindenburg report

The Adani group has emerged stronger after the last year’s Hindenburg Research report. According to media reports Adani Group's business has benefited after the Hindenburg report.

American short seller Hindenburg had accused Adani Group of stock market manipulation and fraud, which the group had clearly rejected. .

After this report, Adani Group focused on reducing the debt of all its companies. Not only this, the group got new investors in countries ranging from America to the Middle East and won big projects.

The group also made major improvements in its strategy. The group established direct communication with its investors and creditors and started giving them detailed information about every decision. Adani Group is also building a new airport in India's financial capital Mumbai. Along with this, it is also working on Dharavi Redevelopment Project in Mumbai.

Despite all these things, many investors believe that Adani Group is now on a bullish path. The experts said that the Supreme Court's appeal for a special investigation was rejected in the decision. Apart from this, new investors and US agency funding gave confidence to both institutional and retail investors.

They said that the report of short sellers has, in a way, proved good for the Adani Group. Much of the group's success has come from its excellent infrastructure. These include port terminals, power lines, airports, data centres, solar parks and cement plants. This has put Adani at the center of India's growth.

Hindenburg's report has harmed the shares of Adani Group. This wiped out billions of dollars of market value. Adani and his group repaid the loan of US$2.15 billion (about ₹178.68 billion) and redeemed their pledged shares. The group has received investment from Rajiv Jain's GQG Partners. The group received a total investment of approximately US$5 billion (approximately ₹415.55 billion).

The combined market value of Adani's 10 listed companies has now reached about US $ 175 billion (approximately ₹ 14544.09 billion). This is about 112 percent more than the record low of US $ 82 billion (approximately ₹ 6814.94 billion) in February last year after the short seller report. The losses of five of these companies have been compensated. The reason for the recent rise in shares is the decision of the Supreme Court. Apart from this, investment of US$ 553 million (approximately ₹ 4595.93 crore) has also come in the group's port business in Sri Lanka.