Brief by Shorts91 Newsdesk / 04:48am on 19 Sep 2025,Friday Business
Adani Group stocks surged on Friday after the Securities and Exchange Board of India (SEBI) cleared the group of fraud charges. SEBI dismissed all allegations made by US short seller Hindenburg Research in its January 2023 report. Adani Total Gas rose 10%, Adani Power jumped 7.4%, while Adani Enterprises gained 4.3%. SEBI said the transactions under review did not violate rules at that time and all loans were repaid. Chairman Gautam Adani welcomed the decision, saying the claims were baseless. He said the report caused huge investor losses and demanded an apology from those spreading false narratives. (PC: NDTV)
