Overview

• India’s market regulator SEBI issued final orders dismissing key Hindenburg-linked allegations against the Adani Group, with findings that violations were not established.
• Gautam Adani told shareholders the decision confirms the conglomerate’s governance standards and said “truth has prevailed.”
• He pledged to tighten governance to bolster confidence among markets and regulators, and to accelerate innovation and sustainability efforts.
• Adani highlighted operational gains since 2023, citing portfolio EBITDA up 57% to Rs 89,806 crore and gross block up 48% to Rs 6.09 lakh crore over two years.
• NDTV reported that Adani Group companies added about $20 billion in market value after the SEBI outcome; NDTV notes it is a subsidiary of an Adani Group company.