Brief by Shorts91 Newsdesk / 01:12pm on 18 Sep 2025,Thursday Business
The Securities and Exchange Board of India (Sebi) has dismissed allegations of stock manipulation made by US-based short seller Hindenburg Research against Gautam Adani and Adani Group firms. In an official filing on Thursday, Sebi said its investigation could not establish any wrongdoing by Adani companies, including Adani Ports and Adani Power. The regulator confirmed that no liability or penalties would apply. Kamlesh C. Varshney, Sebi’s whole-time member, stated that the matter has been disposed of without directions. Hindenburg’s claims, first made in 2023, had caused major controversy and market turbulence around the Adani Group. (PC: Reuters)
