Adani Group Chairman Gautam Adani broke silence on the June stock crash of his companies following reports of accounts of foreign funds with investments of over Rs. 43,000 crore being frozen. “Recently, a few media houses indulged in reckless and irresponsible reporting related to administrative actions of the regulator,” Adani said. “Unfortunately , some of our small investors were affected,” he added.
“We are intergenerational holders of equity,” Adani, 59, said at the annual shareholder meeting of his group’s listed firms on monday.
Detailing the philosophy of looking at investments, he said the group is focused on creating long-term sustainable value for partners and minority investors.
Calling reports of the freeze “reckless and irresponsible”, he said it caused unexpected fluctuations in the market prices of Adani stock.
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