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No possibility of hidden leverage says Gautam Adani

Pledges on the secret shareholdings stated in Part 1 of the Hindenburg report may represent further concealed leverage inside the Adani empire, giving rise to the dispute around Adani shares overleveraged.

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No possibility of hidden leverage says Gautam Adani

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  1. NO POSSIBILITY OF HIDDEN LEVERAGE SAYS GAUTAM ADANI

  2. 10 publicly traded firms make up the diversified Adani Group in India. It has produced a portfolio of world-class utilities and transport infrastructure with a presence throughout all of India. Gujarat serves as the home base for the Adani Group. The Group has established itself as the industry leader in its energy utility and transport logistics portfolio industries throughout the years, concentrating on large-scale infrastructure development in India with O&M procedures that are benchmarked to international standards.It is the only Infrastructure Investment Grade issuer in India, with four IG-rated enterprises. Adani’s fundamental concept of “Nation Building,” which is motivated by “Growth with Goodness,” an ideology for sustainable growth, is responsible for both its success and its position as a leader. Through the realignment of its companies with a focus on climate protection and an expansion of its community engagement through its CSR programme, Adani is dedicated to increasing its ESG impact.

  3. NO CHANCE OF HIDDEN LEVERAGE, ACCORDING TO GAUTAM ADANI Pledges on the secret shareholdings stated in Part 1 of the Hindenburg report may represent further concealed leverage inside the Adani empire, giving rise to the dispute around Adani shares overleveraged. Note that any encumbrance creation must go through the relevant shareholder’s depository participant. The depository participant notifies the depository (National Securities Depository Limited / Central Depository Services Limited) of this as part of the required reporting procedure. The relevant data is also automatically entered into the stock exchange database.

  4. ADANI GROUP SAYS IT MADE ALL THE NECESSARY DISCLOSURES In October 2020, SEBI started investigating foreign investments into Adani’s infrastructure, power, and port empire. The crux of the issue is whether Adani engaged in business and manipulated the value of his shares by using foreign-registered entities without appropriately declaring his affiliations. In the instance of the Adani shares overleveraged, Adani has consistently denied any misconduct and claimed to have made all necessary disclosures.On 28th February 2023, trade in the main Adani Enterprises Ltd. stock saw gains of almost 8%, while Adani Green Energy saw gains of 3.75%. In response to claims made by US-based short-seller Hindenburg Research, which caused the stocks of Adani companies to plummet in recent trading days, the Adani Group rejected worries that its businesses were overleveraged.

  5. THANK YOU

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