Hindenburg report combination of targeted misinformation, discredited allegations: Adani
New Delhi (PTI): Billionaire Gautam Adani on Tuesday reiterated that the Hindenburg report was a combination of misinformation and discredited allegations.
Speaking at the AGM of his group companies, he said that on the eve of Republic Day this year, US-based short-seller Hindenburg Research published a report to short group stocks just as it was planning to launch the largest Follow-on Public Offering in India's history.
"The report was a combination of targeted misinformation and discredited allegations, the majority of them dating from 2004 to 2015.
"They were all settled by the appropriate authorities at that time. This report was a deliberate and malicious attempt aimed at damaging our reputation and generating profits through a short-term drive-down of our stock prices," he said.
Subsequently, despite a fully subscribed FPO, the group decided to withdraw and return the money to investors to protect their interests.
"While we promptly issued a comprehensive rebuttal, various vested interests tried to exploit the claims made by the short seller. These entities encouraged and promoted false narratives across various news and social media platforms," he said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Man kills 15-year-old son, dies by suicide in Maharashtra's Palghar
Palghar (PTI): A man allegedly strangled his 15-year-old son and hanged himself at their house in Maharashtra's Palghar district, police said on Thursday.
The incident occurred in Pimpalsheth village in the tribal-dominated Jawhar taluka on Wednesday, an official said.
Sharad Bhoye (40), a conductor with the Brihanmumbai Electric Supply and Transport Undertaking (BEST) who was under suspension, strangled his son Bhavesh with a wire rope, sub-inspector Anil Dighole said.
He said Sharad had been under suspension for the last three months and was depressed about the situation.
As per preliminary probe, Bhoye had gone to his farmhouse around noon on Wednesday and strangled his son, a Class 10 student, after he returned home from school, and also banged the boy's body on the floor, causing fatal injuries.
The man then hanged himself from the ceiling in another room in the house, the official said.
Bhoye's father, who lived nearby, discovered the bodies and the authorities were alerted, he said.
The official said the bodies were sent for post-mortem, and a case was registered.
(Assistance for overcoming suicidal thoughts is available on the state’s health helpline 104, Tele-MANAS 14416.)
_vb_38.jpeg)
