Overview
- India’s market regulator concluded the Hindenburg claims were not established, assessing the matter under the rules that applied when the transactions occurred.
- Two SEBI orders found the cited dealings did not meet the related-party definition and saw no evidence of funds being routed into listed entities.
- In an internal note, Gautam Adani outlined a pivot to accelerate innovation across energy, logistics and infrastructure, strengthen transparency and focus on long-term value.
- He credited staff for maintaining execution across ports, power, renewables, airports, cement and logistics during the period of scrutiny.
- Adani Group shares rallied after the outcome, with Adani Enterprises up more than 80% year-to-date, even as a U.S. DOJ indictment alleging a $265 million bribery scheme still hangs over the group.