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Ahead of the Supreme Court’s decision on the Hindenburg investigation, Adani Group stocks rise

<p><strong>Delhi, New:</strong> A verdict on the market regulator’s investigation against the billionaire Gautam Adani-led conglomerate by India’s Supreme Court is expected to cause shares of the Adani Group’s listed firms to rise 2.2% to 10% on Wednesday.</p>
<p><img decoding=”async” class=”size-medium wp-image-336377″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ahead-of-the-supreme-courts-decision-on-the-hindenburg-investigation-adani-group-s-750×511.jpg” alt=”theindiaprint.com ahead of the supreme courts decision on the hindenburg investigation adani group s” width=”750″ height=”511″ title=”Ahead of the Supreme Court's decision on the Hindenburg investigation, Adani Group stocks rise 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ahead-of-the-supreme-courts-decision-on-the-hindenburg-investigation-adani-group-s-750×511.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ahead-of-the-supreme-courts-decision-on-the-hindenburg-investigation-adani-group-s-1024×698.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ahead-of-the-supreme-courts-decision-on-the-hindenburg-investigation-adani-group-s-768×523.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ahead-of-the-supreme-courts-decision-on-the-hindenburg-investigation-adani-group-s-1536×1047.jpg 1536w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ahead-of-the-supreme-courts-decision-on-the-hindenburg-investigation-adani-group-s-2048×1395.jpg 2048w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ahead-of-the-supreme-courts-decision-on-the-hindenburg-investigation-adani-group-s-220×150.jpg 220w, https://www.theindiaprint.com/wp-content/uploads/2024/01/theindiaprint.com-ahead-of-the-supreme-courts-decision-on-the-hindenburg-investigation-adani-group-s-150×102.jpg 150w” sizes=”(max-width: 750px) 100vw, 750px” /></p>
<p>The Securities and Exchange Board of India (SEBI), India’s market regulator, is looking into the group after US short-seller Hindenburg claimed in January 2023 that the company had manipulated stocks and improperly used tax havens.</p>
<p>Any misconduct has been refuted by the Adani Group. No shortcomings at the Adani Group were discovered in May by a commission appointed by the Supreme Court.</p>
<p>Even though the group’s equities have somewhat recovered, their market value has decreased by $47 billion since the disclosure.</p>
<p>In early trading on Wednesday, shares of Adani Enterprises, the group’s main company, were up 6.4%.</p>

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