NEW DELHI: The Adani group has actually termed as market rumours reports of the conglomerate hiring accountancy company Grant Thornton for independent audits of some of its companies.The business has actually written to the Bombay Stock Exchange, pointing out a media report about the group employing Grant Thornton, that ...

the said news product seems a market rumour and for this reason it would be unsuitable on our part to discuss it.

The letter further said We want to verify that we have made and will continue to make disclosures incompliance with our responsibilities under SEBI (Listing Obligations and Disclosure Requirements) Regulations.

A damaging report by short-seller Hindenburg Research has actually seen a few of the groups companies losing their market caps by over 50%.

Shares in the groups 7 listed subsidiaries have cumulatively lost about $120 billion in market price in the last 3 weeks.The conglomerate, led by billionaire Gautam Adani, has actually strongly rejected the claims however investors remain concerned.