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Al Jazeera
Al Jazeera
Business

Indian regulators dismiss stock manipulation allegations on Adani Group

Adan Gautam Adani Adani Group Sagar Adani India SEBI Hindenburg Hindenburg Research United States
Gautam Adani, the second-richest Indian, said the allegations, made by Hindenburg Research in 2023, were baseless and praised SEBI’s order [File: Amit Dave/Reuters]

The Securities and Exchange Board of India (SEBI) has dismissed allegations of stock manipulation against Indian billionaire Gautam Adani and his group of companies that had been made by US short seller Hindenburg Research.

SEBI announced its decision on Thursday.

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