Reply To: What’s Next for Adani Group After Short Seller Hindenburg Report Wipes Out Over $50 Billion in Market Value


In an interview with an Indian television network that was shown on Monday, Adani Group Chief Financial Officer Jugeshinder Singh said the conglomerate hasn’t seen any large, strategic investors exiting their positions in its listed companies.

“We believe that this volatility will pass,” he said, adding that the group will release its quarterly results in about a week’s time.

“People will see that the group continues on its upward trend,” he said.

Addressing the jitters around the group’s debt-repayment abilities, Mr. Singh said the credit profile of Adani’s large companies was similar to that of India’s sovereign enterprises. “We are the highest-rated infrastructure portfolio in the country, with the exception of the government of India,” he said.