Adani Group has provided clarity, in response to media reports claiming that the conglomerate had hired Grant Thornton for independent audits of several of its companies. The company referred to the hiring rumours as "market rumour."
Adani Group said in an exchange filing today "We would like to clarify that the said news item appears to be a market rumour and hence it would be inappropriate on our part to comment on it."
"We wish to confirm that we have made and will continue to make disclosures in compliance with our obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and our agreements with the stock exchanges," the Group added.
Multiple reports added that Grant Thornton's hire was the first big effort by Adani Group to defend itself following the Hindenburg report.
Grant Thornton was hired after Adani Group urged earlier that independent assessment of problems with internal controls, related party transactions, and legal compliance be made.
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