Adani’s roadshow in the coming days is to attract investors. The only question for the Adani Group is whether transparency can be disclosed: information about ownership, party transactions, government involvement, total debt of the company, liquidity etc. It is meaningless to conduct a private roadshow around the world for investors. The tweet was to reveal the truth.
Also Read: Adani stock storm again? Mauritius transactions under shadow of doubt
After the Hindenburg report came out, Adani’s shares had fallen sharply. The group is trying to allay investors’ worries about debt by prepaying loans. The aim is to restore the confidence of investors through roadshows in various countries. Gautam Adani and his family disclosed in a meeting held in London that all the debts taken by pledging Adani Group’s shares have been prepaid. Meanwhile, Mahua Moitra’s challenge is to reveal the truth about the issues alleged by Hindenburg.
Meanwhile, the stock price of Adani Enterprises fell on successive days after the re-emergence of indications that Adani Group companies were inflated using paper companies in Mauritius. It is alleged that Adani’s family members are using Mauritius for money laundering and so on. Meanwhile, Mauritius is not willing to share information about investments or companies.