Gautam Adani, billionaire and chairman of the Adani Group, stated that the trials and tribulations of the past year have strengthened the conglomerate. Adani highlighted the group s accomplishments, which include raising Rs 40,000 crore of equity, repaying Rs 17,500 crore of margin-linked financing, and reducing debt. The Adani group achieved its highest-ever quarterly profit and launched key projects like the Dharavi redevelopment and the world s largest renewable energy generation site in Gujarat. Adani dismissed the Hindenburg Research report as a compilation of old and dead allegations, stating that it eroded market value and caused small investors to lose their savings.