Digital Scoop India Official Platform of Digital Scoop India Featuring Latest & Best News #Articles #Bytes #Entertainment #DigitalScoopMagazine
Related Articles
The Adani Group, one of India’s leading conglomerates, has issued a statement accusing foreign entities, short-sellers, and sections of the media, both domestic and international, of orchestrating a series of attacks aimed at eroding the group’s market value.
In the statement, released on October 9, the Adani Group asserted that these entities, united by the common goal of damaging the group, have developed a playbook and are executing it meticulously with the assistance of a well-coordinated and professional machinery operating in both India and abroad.
The group highlighted one specific tactic in this alleged playbook, involving the release of media reports just before significant court hearings in India. According to their statement, this tactic has an “uncanny ability to appear just before the hearing dates of important cases in India’s courts.”
In a recent example, the Adani Group pointed to an article published by the Financial Times on October 12, 2023, which they believe recycled unfounded allegations against the group. The timing of this report, one day before a crucial Adani-related case was set to be heard in the Supreme Court, was seen as highly suspect by the group.
The Adani Group’s statement serves the purpose of informing its stakeholders, including shareholders, about the alleged coordinated efforts to undermine the group’s standing and market value. It underscores the challenges faced by corporations when navigating complex financial and media landscapes, particularly when facing accusations and legal proceedings.
This development sheds light on the evolving landscape of corporate reputation management, where the intersection of media, legal proceedings, and external influences can significantly impact the market perception of major corporations.
Sources By Agencies
