New Delhi: In the Hindenburg case, the Supreme Court-appointed committee has given a clean chit to the Adani Group, saying that prima facie no law has been violated, and SEBI was fully aware of the price changes.
The report of the committee appointed to investigate the Hindenburg case became public, which clearly states that the Adani Group did not affect the prices of shares in any way.
According to the committee’s report, there is no evidence of illegal investment in Adani Group companies, no rules have been violated in the investment from the concerned party.
The SC committee has said that the Adani Group disclosed the names of the owners who received the benefits, and SEBI has also not denied the information given by the Adani Group. According to the Supreme Court committee, the Adani Group also followed the law regarding minimum public shareholding.
The Supreme Court-appointed committee has also said that retail investment in the Adani Group has increased since the arrival of the report of American shortseller Hindenburg, and the group had also tried to give relief to investors after the Hindenburg report came out.
The committee claims that the shortsellers made profits after the Hindenburg report came out, and the SC committee has recommended an inquiry into it.