‘Truth has prevailed’, says Gautam Adani after SC judgment
11 months, 3 weeks ago

‘Truth has prevailed’, says Gautam Adani after SC judgment

Live Mint  

Adani Group Chairman Gautam Adani on Wednesday welcomed the Supreme Court judgment in the Hindenburg case. The top court on January 3 pronounced its verdict on a batch of petitions seeking examination of allegations of fraud made against Adani Group of companies in the Hindenburg Research report. The pleas claimed the allegations that the Adani Group, considered close to the Narendra Modi-led government, inflated its share prices and, after the report of the short seller Hindenburg Research, the share value of various group entities fell sharply. In March 2023, the top court directed the capital markets regulator to investigate any violations of securities law by the Adani Group in the wake of the Hindenburg report.

History of this topic

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