In an internal message to staff, billionaire businessman Gautam Adani said his group will now shift towards accelerating innovation, improving transparency, and building for long-term impact. This comes days after receiving a clean chit from SEBI over the Hindenburg allegations.

“Today, a cloud that had hung over us for more than two years has been lifted,” Adani said in the message, according to a report in PTI . “SEBI’s comprehensive investigation has concluded by rejecting all allegations contained in the Hindenburg report from January 2023.”

Hindenburg's allegations

The January 2023 Hindenburg report accused the group of accounting irregularities, stock price manipulation, and the use of opaque offshore entities – allegations that triggered a selloff across Adani’s listed companie

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