Adani’s Abu Dhabi Backer Says Business Decisions Based on Facts
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Abu Dhabi-based International Holding Co., which has invested almost $2 billion in companies owned by billionaire Gautam Adani, said its business decisions are based on facts after a scathing report on the Indian tycoon’s business empire by US short seller Hindenburg Research.
“Our business decisions are purely based on an analysis of objective facts,” said Ahmad Ibrahim, a spokesman for IHC, in a statement to Bloomberg. That’s “aided by the use of business intelligence and our analytics tools, which help us to achieve the maximum benefits for our shareholders under the corporate governance regulation.”