Fire fighting continues: Adani pulls back on grand ambitions after Hindenburg bombshell

Adani pulls back on grand ambitions in new sectors after Hindenburg report bombshell

Two months on from its explosive report into Gautam Adani’s acquisitive conglomerate, short seller Hindenburg Research has left the Indian billionaire’s

Fire fighting continues: Adani pulls back on grand ambitions after Hindenburg bombshell

Even in these core areas, the billionaire will proceed in a fundamentally different style. After selling family shares to pre-pay $2.15 billion of margin-linked, share-backed funding taken out to finance a slew of acquisitions, Adani intends to avoid this sort of high-risk financing going forward.

Adani pulls back on grand ambitions after Hindenburg bombshell

The embattled Adani Group will revert his focus to core projects including power generation, ports and newer green energy initiatives.

Adani: Gautam Adani pulls back on grand ambitions After Hindenburg bombshell

Hindenburg Research's allegations of corporate fraud at the Adani group have led to a $125bn drop in market value for the Indian conglomerate. Now, group founder Gautam Adani's focus will target preventative measures aimed at building resilience to further market-related incidents, while avoiding funding via high-risk financing methods.

Adani pulls back on grand ambitions after Hindenburg bombshell

Two months on from its explosive report into Gautam Adani’s acquisitive conglomerate, short seller Hindenburg Research has left the Indian billionaire’s empire chastened and reevaluating its ambitions.

Gautam Adani pulls back on grand ambitions after Hindenburg bombshell

Gautam Adani to rein in non-core expansion; focus on ports, power