India's Supreme Court Orders Conclusion of Adani Group Investigation

Shares of Adani Group Companies Surge Following Court's Verdict

• India's Supreme Court has ordered the country's markets regulator to conclude its investigation into the Adani Group within three months, stating no more probes are needed.
• The court's decision marks a domestic conclusion to the year-long saga triggered by a US short-seller which alleged widespread corporate malfeasance by Gautam Adani's conglomerate.
• The Supreme Court rejected key demands of petitioners seeking to derail the ongoing SEBI investigation into allegations raised by Hindenburg Research.
• The court also dismissed the idea of transferring the investigation from SEBI to a Special Investigation Team (SIT).
• Following the verdict, shares of Adani Group companies surged, with the overall market capitalisation of the group exceeding ₹15 lakh crore.

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