Top India Court Clears Adani From More Probes in Hindenburg Saga
- Supreme Court asked Sebi to close its investigation in 3 mths
- All 10 Adani Group shares were trading higher in Mumbai
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India’s Supreme Court ordered the country’s markets regulator to conclude its investigation into the Adani Group within three months and said no more probes were needed, in a reprieve for the billionaire who cheered the verdict as the “truth” prevailing.
The three-judge bench on Wednesday also urged the federal government to implement an expert panel’s recommendations to bolster the regulatory framework. But it didn’t go further, drawing a line, at least domestically, under the year-long saga triggered by a US short-seller which alleged widespread corporate malfeasance by Gautam Adani’s conglomerate.