SEBI clears Adani Group of Hindenburg allegations
Published on 18/09/2025 06:26 PM
SEBI clears Adani Group of Hindenburg allegationsSEBI gives a clean chit to Gautam Adani, Rajesh Adani, and key Adani entities, dismissing Hindenburg’s allegations of insider trading and market manipulation.By Ajay Vaishnav September 18, 2025, 6:26:12 PM IST (Updated)1 Min ReadIndia’s market regulator SEBI has officially cleared Gautam Adani, Rajesh Adani, and several Adani Group entities—including Adani Ports & SEZ, Adani Power and Adani Enterprises—of all allegations raised by US-based short-seller Hindenburg Research.
The allegations, which included claims of insider trading, market manipulation, and violations of public shareholding norms, were found to be unsubstantiated after a detailed investigation.
SEBI stated that the charges outlined in the show-cause notice were not established and confirmed that there was no breach of the SEBI Act related to fraudulent or unfair trade practices.
It also found no violations involving substantial acquisition of securities or control that could mislead investors.
As a result, SEBI concluded that there was no basis for assigning liability or imposing penalties on the Adani entities or executives.
The regulatory clean chit follows months of scrutiny and speculation triggered by Hindenburg’s explosive report in early 2023.
The Supreme Court-appointed expert panel had earlier echoed similar findings, noting no prima facie evidence of wrongdoing.Continue ReadingFirst Published: Sept 18, 2025 6:20 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsadani groupSEBI