Gautam Adani
India's legendary industrialist Gautam Adani has got a big relief in the Hindenberg case. The Securities and Exchange Board of India (SEBI) has given a clean chit to the Adani Group while completing its investigation. The regulatory body has clearly stated that no concrete evidence was found to prove the allegations made against the group and its associated officials.
SEBI, in his final order issued on 18 September 2025, blamed Gautam Adani, her brother Rajesh Adani, and the group's leading companies Adani Ports, Adani Power and Edicorp Enterprises.
Kamlesh Chandra Varshney, a full -time member of SEBI in the order, wrote, "I believe that the allegations against the notice have not been proved." In such a situation, there is no question of fixing any responsibility on them and hence no penalty is required.
On 24 January 2023, the US short-selling firm Hindonburg Research released a report and made several serious allegations against the Adani Group. The report said that:
Hindenberg claimed that the institutions associated with them in the Adani group companies invested money through tax haven countries and thus the price of shares was increased artificially.
On Hindenburg's Allegations Against Adani Group Companies, The Securities and Exchange Board of India (SEBI) Concludes that there is no Violation of the Listing Agreement OR SEBI (Lodr), and the IMPUGNED Transactions do not qualify as related party transactions for the reasons pic.twitter.com/gmjadhbnjp
- ANI (@ani) September 18, 2025
The Adani Group has got a big relief after the SEBI investigation report. However, this case has been in constant discussion between the Indian stock market and investors for the last two years. Now this clean chit of the regulatory body will help the Adani Group to strengthen its business and investors. At the same time, on Friday, the stock market can see a boom in the shares of Adani Group.
