Overview
- India’s market regulator dismissed the principal Hindenburg allegations, ruling the flagged dealings were not related-party transactions under the rules in force, with funds repaid with interest and no fraud established.
- Adani Group stocks added nearly $20 billion in market value over two sessions following the SEBI orders, signaling a sharp rebound in investor sentiment.
- In his letter, Gautam Adani reported portfolio EBITDA rising from ₹57,205 crore in FY23 to ₹89,806 crore in FY25 and gross block expanding to ₹6,09,133 crore over the same period.
- He highlighted project milestones including commissioning the Vizhinjam transshipment port, progress at Colombo West International Terminal, adding 6 GW of renewables anchored by Khavda, and starting the world’s largest copper smelter.
- Adani said the group will strengthen governance and disclosures, while separate reporting indicated SEBI is still examining a limited set of issues, including public shareholding norms.