On Hindenburg, Adani evokes 'matrubhumi', flaunts spunk and success

economictimes.indiatimes.com:

Gautam Adani, the chairman of Adani Group, evoked the motherland while speaking at the AGM of the group. The centerpiece of Adani's speech was his emphasis on how the group has recovered from the Hindenburg attack due to its inherent resilience, transparency and strong fundamentals. He conflated the resilience of his group with the resilience of India: «Along this journey, if there is one characteristic that has continued to define us – it has been our resilience.

The resilience that allows us to get up stronger every time we take a hit. The resilience that drives our belief in the nation we call our matrubhumi (motherland).» Flaunting the strength of his group companies and the underlying promise of his business, Adani shrugged off the allegations levelled by the Hindenburg report. «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. He underlined his belief in the bright future of his matrubhumi as well as of his own group.Rooting for India This is not the first time the group has evoked nationalist sentiment in its battle against American short-seller Hindenburg.