Over time, Adani Group has assembled a set of leaders who dare to repeatedly enterprise into the unknown, mentioned billionaire Gautam Adani at a Lecturers’ Day occasion in Mumbai’s Jai Hind Faculty. “Even within the face of unprecedented challenges, it’s their guts that encourage others to rise. This type of management is the very essence of what defines the Adani Group,” he mentioned.
Addressing the school college students, Gautam Adani highlighted the short-selling assault, which was initiated from overseas.
“This was not a typical monetary strike. It was a twin assault, focusing on our monetary stability and pulling us right into a political storm. It was a calculated transfer, timed simply days earlier than the shut of our follow-on public supply and designed to trigger most harm and additional amplified by sure media with vested pursuits,” he mentioned.
Adani talked about that in the midst of all this turbulence, we (Adani Group) made a rare choice. “After efficiently elevating Rs 20,000 crore by means of India’s largest-ever FPO, we determined to return the proceeds as an indication of dedication to the values we maintain.”
The enterprise tycoon additionally emphasised that Adani Group raised a number of thousand crores from numerous sources and proactively decreased their debt to Ebitda ratio to beneath 2.5 occasions. “An unmatched quantity even for the strongest of infrastructure firms the world over.”
