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"Hindenburg report a full planned conspiracy against India"

After being into headlines, certainly there is a sign of relief to CEO of Adani Group. As the MD and CEO of Bank of Baroda Sanjiv Chadha has recently confirmed that the bank would continue providing loan to the Adani group.Industrialist Gautam Adani’s group on Sunday termed the serious allegations levelled by financial research firm Hindenburg Research as a “planned attack on India, its institutions and the growth story” and said the allegations were “nothing but lies”. The Adani Group further said the Hindenburg report was motivated by a “hidden intent “nothing but intended to create a “false impression” to benefit the US-based firm financially. “This is not just an unwarranted attack on a specific company, but a planned attack on India, the independence, integrity and quality of Indian institutions, and India’s growth story and ambitions,” the group said. ’While making it clear to the audience Sanjiv Chadha said, “For us, any lending decision is based upon, again, the

By - mediology
Update: 2023-02-05 05:09 GMT

After being into headlines, certainly there is a sign of relief to CEO of Adani Group. As the MD and CEO of Bank of Baroda Sanjiv Chadha has recently confirmed that the bank would continue providing loan to the Adani group.

Industrialist Gautam Adani’s group on Sunday termed the serious allegations levelled by financial research firm Hindenburg Research as a “planned attack on India, its institutions and the growth story” and said the allegations were “nothing but lies”. The Adani Group further said the Hindenburg report was motivated by a
“hidden intent “nothing but intended to create a “false impression” to benefit the US-based firm financially. “This is not just an unwarranted attack on a specific company, but a planned attack on India, the independence, integrity and quality of Indian institutions, and India’s growth story and ambitions,” the group said. ’

While making it clear to the audience 
Sanjiv Chadha said, “For us, any lending decision is based upon, again, the
assessment of risk and the return on that particular exposure. I
don’t think we will be changing that at all. Anything that meets
our underwriting criteria is a lendable proposition for us.”
Look what RBI has to say up on it :
Reserve Bank of India stated on Friday that India’s “banking sector
remains resilient and stable,” putting to rest questions emerging
on PSU banks’ exposure to the Adani Group. 
 “There have been media reports expressing concern about
the exposures of Indian banks to a business conglomerate. As
the regulator and supervisor, the RBI maintains a constant vigil
on the banking sector and on individual banks with a view to
maintain financial stability. The RBI has a Central Repository of
Information on Large Credits (CRILC) database system where
the banks report their exposure of Rs 5 crore and above which
is used for monitoring purposes,” RBI further made it clear.
Opening about the issue in an interview Former Solicitor General said all the acquisition against the Adani group are nothing but assault on India and its citizens too.
He said, “You have predictable revenues because you have a regulator fixing your tariff.. you can’t make a lot of money;
but at least you have almost guaranteed revenues because, even today, these infrastructure projects are like
monopoly projects. The other investments are in hardcore Indian assets like manufacturing cement.”
On the ongoing Adani-Hindenburg controversy rages on, businessman Anand Mahindra has urged everyone to ‘never ever bet against India’. The Mahindra Group chairman has so far refrained from commenting directly on the allegations levelled by last month’s Hindenburg report. 



On the Other hand there is another positive news for Adani! Now the prestigious Science Museum in London indicated it will continue its association with the Adani Group. The Adani Group’s Adani Green is the sponsor of the Science Museum, which is due to open this year. This sponsorship was earlier announced by them in 2021.
The museum on its site states that the Adani Green Energy Gallery will explore the latest climate science and the energy revolution needed to cut global dependence on fossil fuels and achieve the Paris targets to limit global warming to around 1.5 degrees Celsius above pre-industrial levels.


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