Adani Enterprises Limited has informed the Exchange about Rumour Verification - Regulation 30(11) of SEBI LODR
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Adani Enterprises has filed a clarification with the stock exchanges under SEBI's Regulation 30(11) to address a Bloomberg report published on August 4, 2025. The report claimed the Adani Group was exploring a partnership with Chinese companies BYD and Beijing Welion New Energy Technology for battery manufacturing in India. The company has categorically denied the report, calling it 'baseless, inaccurate and misleading.' Adani stated it is not in any discussions or collaboration with BYD or Beijing Welion for any partnership. The filing is a formal denial intended to correct market perception driven by the media report.
This is a denial of a speculative partnership rumour, so it may temper any short-term excitement or premium built into the stock based on the Bloomberg story. It does not change the company's fundamentals but reassures investors that no such deal is currently being pursued.