Adani Enterprises, the conglomerate's flagship entity, saw a 2.86 per cent increase, trading at Rs 3,016.40 around 11:15 am, while Adani Ports rose by 1.27 per cent to Rs 1,092.10 apiece.
Adani Hindenburg Case: The Securities and Exchange Board of India (SEBI) has been investigating the group after Hindenburg Research s report in January last year set off an over $150 billion selloff in the conglomerate s stocks despite the company s denials of wrongdoing. The stocks have since recovered partially.
India s Adani Group has won relief from the Supreme Court after judges ruled that the company does not need to face additional investigation after Hindenburg Research s report in January last year of improper business dealings set off an over $150 billion selloff in the conglomerate s stocks. The Securities and Exchange Board of India (SEBI) has been investigating the group after Hindenburg s allegations.
The Supreme Court of India is set to pronounce its judgement in the Adani Hindenburg Case today, January 3, 2024 on the batch of pleas seeking independent probe in fraud allegations against the Adani Group. - What Is The Adani-Hindenburg Case In Which Supreme Court Has Decided Not To Intervene - EXPLAINED