Research Groups like Hindenburg Can no more stall Rise of Indian Businessmen
Earlier people who backed Research Groups like Hindenburg controlled not only the Western world media but also the media houses of most of the countries. So whatever they commissioned and the trash the Research Group produced, got peddled out as the truth and the only truth.
Now things have changed and the few in the Western world do not control the entire media, others also do so.
Further the internet revolution has made “ Editor apart every editor an emperor”. Also know countries like India have a population which is better informed and more intelligent than the Americans and the Europeans and politically much more savvy. The best part is that they also don’t go by the Western Propaganda, whether it is done by the BBC or a trash Research Group like Hindenburg.
So the Hindenburg’s headline Calling Adani Group the “largest con in corporate history,” may be sensational for those in New York but not for those in New Delhi. Indians know that a few American business Houses have become not only jealous but also afraid because of the completion from Indian business houses.
Hindenburg a trading outfit that first got Wall Street’s attention for raising questions about electric-vehicle makers Nikola Corp and Lordstown Motors Corp, took a motivated swing at Gautam Adani, Asia’s richest man.
Hindenburg’s report is just the continuation of the propaganda launched by the BBC documentary to discredit India in general and its top business house the Adani Group and the ruling party BJP and the PM of India in particular. The trash has been published when Adani Enterprises Ltd, about 75% owned by its billionaire chairman, was soliciting investors for a follow-on public offering.
The company has still managed to sell over 18 million shares to institutional investors for 3,276 rupee ($40.15) apiece — at the top-end of the pricing band. High-profile investors include Abu Dhabi Investment Authority.
Though Adani’s fortune crashed by more than INR 40000 crores ($5 billion) in one day — a huge amount by any American standards — it hardly put a dent in the Adani’s net worth, which is still above INR 850000 Crores.
No doubt Adani Group is already exploring legal action against Hindenburg, describing the trash report as “maliciously mischievous, un researched.” The main reason will not get affected:
Indians have seen through the American system and how they work
Adani may be troubling the American houses but Indians have faith in him.
Adani is not only Share market business but actually delivering projects in India
Americans want that the world’s business model should only be based on american system whereas Indians are going their own way….economically, Socially and culturally.
why Hindenburg’s efforts have fallen short. According to its research, seven key listed Adani companies have 85% downside purely because of sky-high valuations.
Remember the Samsung saga when similar Researchers had got after Samsung’s de facto leader Jay Y. Lee — who had been resistant to change — was mired in an ugly corruption scandal that ultimately unseated the nation’s then-president Park Geunhye.
These new jokers in New York think that just because Adani’s fortune ballooned when Narendra Modi became PM, they a gunfire PM Modi. 1300 million Indians are no fools. Adani’s industrial empire, from running airports to building green hydrogen manufacturing capabilities, have come through solid hard work and proper competition overseen by a judicial and economic watch dogs at par with Americans if already not proving better.
Adani also has a solid advantage as he works in line with the new vision of India…Atamanirbharta…which is key to Modi’s economic programs. So unless Modi changes his “Make in India” dream, short sellers do not have much of a catalyst.
Hindenburg’s have the temerity to actually complaint on Indian system of corporate governance, use of what its report describes as obscure auditors to a labyrinth of shell companies. The bas…ds are actually angry that these new breed of Indian businessmen have stopped aping the Western model and have stopped listening to their Gospel.
Hindenburg group and its backers should know that India is not like those “ ASIAN TIGERS “, now it is in competition with China, Japan and the USA itself and winning too. To Indians such reports only prove that those sitting in New York have no insight whatsoever into the intricate workings of Indian Governance and Indian business houses. Investors in India will continue to back Indian businessmen including Adani. Voters too will keep voting for the National Democratic Alliance Ledbetter the Bhartiya Janata Party.
