New Delhi, 10 April (Hindustan Times). Industrialist Gautam Adani’s company Adani Group has responded to the allegations leveled against him after the Hindenburg report. The Adani Group has given details of total stake sale of $2.87 billion in its companies since 2019. The group explained how $ 2.55 billion (about Rs 20,000 crore) of this amount was reinvested in the business.
Adani Group said in a statement that since 2019, it has received $ 2.87 billion from selling stake in its companies. Of this, the group has invested $2.55 billion (about Rs 20,000 crore) in various businesses. The company said this amount was reinvested by the promoter entities to develop new businesses and drive growth in companies such as Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd, Adani Transmission Ltd and Adani Power Ltd.
The group said that all these transactions have been publicly disclosed. The promoters hold substantial stake in Adani companies, which has increased over time, the statement said. This was due to investment of proceeds from equity sale. It is believed that Adani Group has given this information in response to the claim of Congress leader Rahul Gandhi. In fact, after the report of American financial company Hindenburg came out, Rahul Gandhi had alleged that Rs 20,000 crore had come to the group through ‘benami companies’.
