1. Introduction The Adani Group, an Indian multinational conglomerate, faced significant scrutiny following a report by Hindenburg Research in January 2023. The report accused the group of stock manipulation and accounting fraud. Despite the adverse impact on its market value and reputation, the Adani Group has been actively working on damage control and strategic repositioning. This report provides an overview of the group’s strategies, their official responses, new project announcements, and supportive comments from various stakeholders. 2. Timeline of Key Events January 24, 2023: Hindenburg Research releases a report accusing Adani Group of stock manipulation and accounting fraud. January 26,…
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