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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=”×511.jpg” alt=” 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=”×511.jpg 750w,×698.jpg 1024w,×523.jpg 768w,×1047.jpg 1536w,×1395.jpg 2048w,×150.jpg 220w,×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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