A poem to Adani

You took on so much Debt to grow

You became world’s richest with dough.

You stocks had a 3 year hit show

And now this shit-show.

Listing your group companies for stock manipulation,

only aided your debt addiction,

becoming a growth sensation,

But this allegation has brought much aggravation.

The PE ratios of your group stocks are so ridiculous,

That it has become conspicuous.

You got so mischievous,

that you route your funds through Mauritius.

You did all this with the absence of the P-notes,

But, lo and behold, Nirmala has again authorised P-notes.

The report by Hindenburg,

May just be a tip of the iceberg.

For the report has been meticulous,

And for you, it has been strenuous.

The report has gone downtown

The groups’s stock prices have been beat down.

The group’s global bonds are in distress,

While the SEBI seems clueless.

The report mentions your Annual report’s key omissions,

And it has raised suspicions.

It questions your statutory audit,

much to your discredit.

After all this, I wonder why IHC would commit,

Unless you had agreed to remit.

Now that you have cancelled the FPO,

There are now no institutional anchors,

You may soon get margin calls from your bankers.