India's Adani confident of governance, slams Hindenburg : co

India's Adani confident of governance, slams Hindenburg

BENGALURU (Reuters) -India's Adani Group is confident of its governance and disclosure standards after a top court panel found no lapses at the conglomerate, its chairman said on Tuesday, calling a U.S. short-seller's report earlier this year a "malicious attempt" at damaging its reputation. The panel "confirmed the quality of our group's disclosures and found no instance of any breach," Adani Chairman Gautam Adani said in his first comments on the findings. Speaking at the Adani Enterprises' annual general meeting, Adani said the Hindenburg short-seller report was a "deliberate and malicious attempt aimed at damaging our reputation and generating profits through a short-term drive-down of our stock prices."

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