Adani Group Says Vinod Adani Part Of Promoter Group Know Details

Adani Group: According to the report of Hindenburg Research, the person associated with the Adani Group whose name has come up the most number of times is Vinod Adani. It was claimed in the report that Vinod Adani, who lives in the US, used fake companies to swindle the Adani Group. Responding to this allegation, Adani Group has now given information about the group’s relationship with Vinod Adani. The group has named Vinod Adani as the promoter of the group.

Vinod Adani is the promoter of the group.

Adani Enterprises, one of the major companies of the Adani Group, informed the stock market on Thursday that Gautam Adani and Rajesh Adani are individual promoters of different listed companies of the group. Whereas Vinod Adani is a close relative of these promoters. He is the promoter of different companies of Adani Group. Along with this, Adani Group also said that the group has given information about its relationship with Vinod Adani from time to time.

America’s short selling company Hindenburg in its report had made several serious allegations against Vinod Adani that he had made false information and rigged to increase the price of his company’s shares. Along with this, the company also told that Vinod Adani is Dubai based.

The company gave this information in January

Describing the allegations as baseless in all respects, the Adani Group had said that Vinod Adani does not hold any managerial position in the companies of the Adani Group and does not look after the general functioning of the companies. It is worth noting that Hindenburg Research of America had published its report on Adani Group in January. In this report many serious allegations were made on Adani Group. Since the arrival of this report, there has been a tremendous decline in the shares of Adani Group. A huge decline of $ 150 billion has been registered in the market cap of the group. Since then the company has been continuously answering the questions raised by the Hindenburg.

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