Ever since the Hindenburg report came, it is being said that Prime Minister Modi is working to save Adani. To which his advisor has given his response.
Till now the Government of India or Prime Minister Modi has not interfered in the ongoing fight between Adani and Hindenburg. Prime Minister Modi’s Economic Advisor Sanjeev Sanyal has said this in a New York interview. He said that “India’s Prime Minister Narendra Modi has not interfered in Adani’s fight with the American short seller.” Let us tell you, ever since the Hindenburg report came, it is being said that Prime Minister Modi is working to save Adani. To which his advisor has given his response.
Sanyal did not stop here, he told that “the government has never intervened in the dispute between the two so far. Because there is no rule to save anyone in our system. Let us tell you that after the report of American research firm Hindenburg, Adani Group has suffered a lot. His wealth has reduced by more than half.
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No threat to LIC-SBI
In the interview, Sanyal said that the country’s largest bank SBI and the country’s largest insurance company LIC are not in any financial stress. Hindenburg’s report is no threat to them. Because Adani has a lot of exposure in these companies.
Let us tell you, on January 24, Hindenburg Research had accused Adani Group of manipulation and fraud. After which there was a big decline in the shares of the company. After which Gautam Adani denied Hindenburg’s allegations.
Sanyal said on the sinking of Silicon Valley
In the interview, Sanyal said that “the sinking of Silicon Valley Bank will not directly affect the startups of India. We have to ensure that transparency and liquidity are maintained in the market. We don’t need to interfere in this.”
