The 10 Main Pointers Of The Supreme Court Verdict In Adani-Hindenburg Case

#adanigroup #hindenburg #adanihindenburgcase #supremecourt #businessnews
The Supreme Court has handed a significant victory to Gautam Adani and the Adani Group by rejecting demands to transfer the Adani-Hindenburg case investigation. Instead, the court has instructed the Securities and Exchange Board of India (SEBI) to conclude its probe within three months. The judgment also emphasized that third-party reports are not conclusive proof and dismissed claims of dilution in Foreign Portfolio Investor (FPI) regulations. Adani Group shares, which initially rose, settled with gains of up to 7 percent. The overall market capitalization of the Adani Group has surpassed ₹15 lakh crore, marking a positive turn in the Hindenburg saga. Experts see this verdict as a conclusive end to the controversy that began with the Hindenburg report last year. Adani Group Chairman expressed gratitude for the court's decision on social media, emphasizing the triumph of truth

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