Adani Group Evaluating Legal Action Against Hindenburg

Hindenburg Research accused Adani Group of accounting fraud, prompting a strong rebuttal from Adani, who labeled the report as malicious and unresearched. Adani's CFO and legal head publicly countered the claims and considered legal action. Despite the controversy, Adani's FPO to raise $2.5 billion was well-received by investors, with analysts predicting no major issues despite the lengthy report from Hindenburg.

What was the main accusation made by Hindenburg Research against Adani Group?

• Tax evasion

• Accounting fraud

• Labor exploitation

• Environmental violations

How did Adani Group describe the report by Hindenburg Research?

• Well-researched and accurate

• Maliciously mischievous and unresearched

• Partially correct

• Completely irrelevant

What actions did Adani Group consider in response to the Hindenburg report?

• Conducting an internal audit

• Issuing a public apology

• Evaluating legal actions

• Ignoring the report

What financial strategy did Adani Group implement following the report?

• Selling assets

• Reducing workforce

• Launching an FPO

• Issuing bonds

What was the analysts' perspective on the impact of the Hindenburg report on Adani's financial plans?

• It would have no impact

• It would cause significant delays

• It should not pose a problem

• It would lead to a financial crisis