Announcing Adani Enterprises' Rs 820 crore profit in the previous quarter, the group's founder was nonchalant about the fallout of the report released by US short-seller Hindenburg Research.
The billionaire, who is facing allegations of stock manipulation and accounting fraud by US-based short seller Hindenburg Research, has come under the lens of Indian and global regulators.
Moody's Investor Service on Friday revised downwards the rating outlook on four Adani Group companies to negative from stable after a significant and rapid decline in market value following a report by US-based short seller Hindenburg Research.
Adani Enterprises ended nearly 20% higher at Rs 2,159 apiece on the BSE on Wednesday. However, Adani Green fell 4.92%, Adani Total Gas 5%, and ACC declined 1.11%.