Adani Group gets Supreme Court panel's clean chit in Hindenburg allegations: 'Prima facie no violation' – India TV
1 year, 7 months ago

Adani Group gets Supreme Court panel's clean chit in Hindenburg allegations: 'Prima facie no violation' – India TV

India TV News  

Adani-Hindenburg row: In a huge relief for Adani Group, an expert committee appointed by the Supreme Court to investigate allegations around the company made by US short-seller Hindenburg Research has found that it was not possible to conclude if there has been regulatory failure on stock price manipulation allegations. The Supreme Court had appointed the committee after US short-seller Hindenburg Research in a report alleged fraud, stock market manipulation and improper use of offshore entities by Adani Group. The expert committee in a report said the Indian stock market as a whole was not unduly volatile post January 24, when Hindenburg came out with its damning report. Key findings of the Supreme Court Committee: 1) Adani Group has disclosed all beneficial owners 2) No charge by SEBI that they are rejecting Adani's declaration of beneficial owners.

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