The Indian billionaire Gautam Adani has shown improvement on several metrics related to company fundamentals, one year after a study by US-based short-seller- Hindenburg report Adani, accusing the Adani Group of fraud and “brazen” manipulation of stock prices. The conglomerate disputes the charges and even came out clean in Supreme Court hearings.

1. ADANI BUSINESS
EMERGES ON
TOP A YEAR
AFTER
HINDENBURG
SAGA

2. The Indian billionaire Gautam
Adani has shown improvement on
several metrics related to
company fundamentals, one year
after a study by US-based short-
seller- Hindenburg report Adani,
accusing the Adani Group of fraud
and "brazen" manipulation of
stock prices. The conglomerate
disputes the charges and even
came out clean in Supreme Court
hearings.

3. With such developments,
many people are betting
that the Adani enterprise
will be big again soon.
According to Chakri
Lokapriya, Managing
Director of
RedStrawBerry LLP in
Chennai, "both
institutional and retail
investors have found
greater comfort" as a
result of the Supreme
Court's decision to not
involve a special
investigation team(SIT)
into the matter.

4. The leaders of the Adani
Group were left exposed to
margin calls on their
pledged shares as the price
plummeted in response to
Hindenburg report Adani,
which caused a market
value erosion of tens of
billions of dollars. While
significantly reducing their
committed assets, Adani
and his family paid $2.15
billion.

5. New high-profile
supporters have
helped Adani
Enterprises Ltd. grow
its investor base,
even if the $2.5
billion share sale
that was shelved due
to the Hindenburg
report Adani was a
significant setback.