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SEBI clears Adani Group in allegation linked to Hindenburg report
YUGMARG NEWSPAPER
|September 19, 2025
The Securities and Exchange Board of India on Thursday cleared the Adani Group in connection with an allegation raised by United States-based Hindenburg Research that the conglomerate routed funds through three entities to hide related-party transactions.
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In two separate orders, the markets regulator said that allegations against the Gautam Adani-owned conglomerate could not be established. It said that “there was no question” of devolvement of any liability on the Adani Group, adding that no penalty had been imposed.
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