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As soon as the Hindenburg report surfaced and short selling happened, Adani board could have launched an independent investigation into the allegations to determine the facts and assess the severity of the issue.
Prabal Basu Roy - Questions will linger on till we have the collective courage to handle the truth, , adani enterprises, Hindenburg Research
Billionaire Gautam Adani today said the fundamentals of his conglomerate are "strong" as he explained the decision to call off a blockbuster share sale amid plunging stocks after a US short-seller's critical report.
Billionaire Gautam Adani said it wouldn't have been morally correct to go ahead with the flagship Follow-on Public Offer (FPO), a day after the Adani Board called off the share sale.