After hearing the case on Adani Group - Hindenburg Dispute, the Hon'ble' Supreme court gives the final judgement on the case and Rejecting the SIT's investigation into the Adani-Hindenburg dispute is the Supreme Court. As reported by Live Law, the Supreme Court approved of the SEBI investigation. According to the SC, the case's facts do not support sending the investigation to the SIT or another organisation.
Chief Justice DY Chandrachud delivered the final order and the case was reserved till November 24, at which point.
Read More - Jagdeep Dhankhar rejects suspension notices on Adani row, AAP stages walkout
Gautam Adani Reacts to “X” After the order.
After hearing the order from Hon’ble Supreme Court Gautam Adani reacts on the social media site “X” formerly twitter that ‘Truth has prevailed’, also the full note that Gautam Adani wrote on his twitter or X timeline as "Truth has prevailed. Satyameva Jayate.I am grateful to those who stood by us. Our humble contribution to India's growth story will continue. Jai Hind.".
Adani Group Shares Gets Positive Run After the Verdict in Favour of Adani Group
After the Supreme Court's decision, a jump was seen in the shares of Adani Group! This decision is being considered very good for the investors and the companies of Adani Group. Due to this case of Adani Group, many investors were scared, but today after the decision of this case, they are looking excited which can be seen from the movement in the shares of Adani Group. looks like
What is Adani - Hindenburg Dispute?
In January of last year, the Adani group was charged with "brazen stock manipulation and accounting fraud scheme over the course of decades" by the Hindenburg report. The OCCRP then issued further accusations of market manipulation against the Adani group in September. According to the OCCRP study, the stock prices of Adani enterprises were manipulated by "at least two cases... [supposedly public] investors turn out to have widely reported ties to the group's majority shareholders, the Adani family."
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