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International Business Times
International Business Times
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India Top Court Declines To Order New Probe Against Billionaire Gautam Adani's Companies

Gautam Adani India Hindenburg Adani Group Hindenburg Research the Supreme Court

KEY POINTS

  • The verdict has rejected the Hindenburg Report, which wiped out investors' wealth worth $140 billion
  • After the Hindenburg report, Adani Group's listed companies lost over INR12 trillion in a month.
  • Adani stocks rallied up to 10% after the verdict

India's top court on Wednesday rejected pleas to set up a new panel to probe allegations of fraud made against the Adani group by short seller Hindenburg Research.

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