Adanigiri

(Link inputs from Devasahaya MG)

https://www.telegraphindia.com/india/financial-times-turns-down-adanis-takedown-demand/cid/1929352 The Financial Times, the London-based business newspaper, has rejected calls from the Adani group to take down a report that was depicted by Gautam Adani’s firm as a “mendacious, deliberate effort to paint the Adani group and the Adani family in the worst possible light”.

A spokesperson for the FT told The Telegraph: “The article is accurate and carefully prepared. We stand by our reporting.”

Adani Group issues clarification on inaccurate media reporting.. https://www.newkerala.com/news/2023/45000.htm (In Jan 2021)  the Adani Group's promoters raised USD 2 Bn through the sale of a 20 per cent stake in Adani Green Energy Ltd (AGEL) to Total Energies of France (then Total Renewables SAS)... in October 2019, the promoters had raised USD 700 Mn through the sale of a 37.4 per cent stake in Adani Total Gas Ltd.. These funds were reinvested by promoter entities to support the growth of new business and in portfolio companies such as Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd, Adani Transmission Ltd and Adani Power Ltd.

The report, “Indian data reveals Adani empire’s reliance on offshore funding”, appeared on March 22, 2023, text copy of report : https://www.thenews.com.pk/print/1053231-indian-data-reveals-adani-empire-s-reliance-on-offshore-funding... (adani) expanded a trading and plastics operation into an infrastructure giant while aligning himself with Prime Minister Narendra Modi’s development agenda.  A Financial Times analysis of India’s FDI remittance statistics shows offshore companies linked to the Adanis invested at least $2.6 billion in the group between 2017 and 2022, 45.4 percent of the more than $5.7 billion it received in total FDI over the period...The full extent of money flows from connected offshore entities into Adani Group is likely to be even higher given FDI data only captures a portion of overseas investment. ..Of the group’s $2.5 billion in catalogued FDI over the 12-month period, $526 million came from two Mauritius companies linked to the Adani family while nearly $2 billion came from Abu Dhabi’s International Holding Company.

Hindenburg welcomes Adani Group’s legal ‘threat’ https://www.thehindu.com/business/Industry/adani-group-to-explore-legal-options-against-hindenburg-in-india-and-us/article66435173.ece January 26, 2023
“We fully stand by our report and believe any legal action taken against us would be meritless,” Hindenburg Research said.

Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History https://hindenburgresearch.com/adani/ Published on January 24, 2023