Sebi gives clean chit to Adani on Hindenburg allegations

September 19, 2025

Sebi has exonerated Gautam Adani and other Adani group companies regarding Hindenburg Research’s allegations of stock manipulation. The investigation, spanning from FY13 to FY21, found no evidence of fraudulent transactions or siphoning of funds. Sebi concluded that the transactions in question did not qualify as related-party transactions, thus not violating listing agreements.

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