**Adani Group Demands Accountability from Hindenburg After $150 Billion Losses**
*By Akash Pandey | Sep 21, 2025, 05:26 PM*
The Adani Group is seeking accountability from Hindenburg Research following allegations made by the US-based firm that led to a staggering loss of nearly $150 billion in shareholder value.
Recently, the Securities and Exchange Board of India (SEBI) cleared the conglomerate of any related-party violations under existing laws. According to a source close to the group, questions are being raised about who will hold Hindenburg responsible for the significant financial damage suffered by millions of investors.
**Market Response: Adani Stocks Surge After SEBI’s Clean Chit**
Following SEBI’s ruling, the stocks of the nine companies under the Adani Group experienced gains ranging from 0.3% to 12.4%. Adani Power was the most prominent gainer, with its share price jumping 12.4%.
Despite this positive rally, the combined market capitalization of these companies remains below ₹14 lakh crore—still well short of the peak value exceeding ₹19 lakh crore prior to Hindenburg’s allegations.
**Regulatory Scrutiny: No Evidence of Wrongdoing Found**
SEBI initiated an investigation in 2023 into the allegations made by Hindenburg, a probe that has now reached its conclusion. The regulator found no evidence of fraud, market manipulation, or fund diversion.
Additionally, a six-member committee, mandated by the Supreme Court to scrutinize the Hindenburg claims, also cleared the Adani Group of any wrongdoing, reinforcing the group’s position.
As the dust settles, the Adani Group continues to emphasize the need for accountability from those who raised the allegations, highlighting the impact on investors and the broader market.
https://www.newsbytesapp.com/news/business/adani-seeks-accountability-as-sebi-dismisses-hindenburg-allegations/story
