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Growth trajectory of Adani Group's underlying businesses not affected: CFO

Reuters, New Delhi

Mon Jan 30, 2023 11:26 AM Last update on: Mon Jan 30, 2023 11:31 AM

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. Photo: Reuters

The growth trajectory of the underlying businesses of Adani Group has not been affected by the Hindenburg Research report that sparked a $48 billion rout in its stocks, Chief Financial Officer Jugeshinder Singh said today.

Speaking to local media, Singh said retail subscription would see "some pull back" in a $2.5 billion secondary share sale of the group's flagship company, Adani Enterprises (ADEL.NS).