Supreme Court Panel Gives Clean Chit To Adani Group, No Evidence Of Violation Found

Highlights:

• Supreme Court-appointed panel finds no violation or price manipulation by the Adani Group.
• Market regulator SEBI’s regulatory measures are deemed effective, with no failures identified.
• No evidence of artificial trading or abusive practices identified.
• Compliance with minimum public shareholding requirements and transparent investments from related parties.

In a significant development, a Supreme Court-appointed panel of domain experts investigating the Hindenburg allegations has cleared the Adani Group of any wrongdoing. The panel’s findings indicate that there is no evidence of price manipulation or regulatory failure on the part of market regulator SEBI. This clean chit has bolstered investor confidence in the Adani Group’s operations.

The panel’s report further reveals that no patterns of artificial trading or abusive practices were discovered during the investigation. Additionally, there were no violations related to minimum public shareholding requirements or investments from related parties. These findings provide a positive outlook for the Adani Group, indicating their adherence to regulatory norms and responsible business practices.

The committee’s conclusive statement emphasizes that the regulator, SEBI, failed to substantiate its suspicions with concrete evidence to support prosecuting the Adani Group for any violations. This verdict from the Supreme Court-appointed panel reinforces the Adani Group’s credibility and reputation, assuring investors of their integrity and commitment to maintaining a fair and transparent market environment.

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