Adani Group stock price manipulation

Adani Group stock price manipulation: In a significant development, the Adani Group has been cleared of all allegations of stock price manipulation and regulatory failures by a Supreme Court-appointed panel. The panel, consisting of subject-matter experts, found no evidence of artificial trading or wash trades, stating that the conglomerate had taken appropriate measures to reassure investors.

This verdict comes in response to allegations made by a US-based short-seller, Hindenburg Research, which accused the Adani Group of stock manipulation and accounting fraud. As a result, the Adani Group’s market value had plummeted by over $100 billion. However, the Supreme Court has granted SEBI, the market regulator, an extended period to conclude its investigation into these allegations.

The Supreme Court-appointed panel, consisting of experts in the field, has conducted a thorough examination of the claims made against the Adani Group stock price manipulation and found no substantial evidence to support the allegations of stock price manipulation. The committee stated that there was no pattern of artificial trading or wash trades observed among the parties involved. Additionally, the panel found no regulatory failure on the part of SEBI, the market regulator responsible for investigating the claims.

Foreign portfolio investors holding Adani Group stocks were found to be compliant with SEBI’s regulations, further validating the integrity of the conglomerate’s practices. The committee’s findings highlight the Adani Group’s efforts to restore investor confidence, which have been successful, as reflected in the current stability of their equities.

The Adani Group stock price manipulation they has vehemently denied the allegations made by Hindenburg Research, emphasizing its commitment to ethical business practices and transparency. The group’s strong response to the accusations, coupled with the Supreme Court-appointed panel’s clean chit, reinstates the conglomerate’s reputation in the market.

The Adani Group’s exoneration by the Supreme Court-appointed panel brings relief to the conglomerate and its investors. The thorough investigation into the allegations ofAdani Group stock price manipulation and regulatory failures found no substantial evidence to support the claims made by Hindenburg Research. With the committee affirming the Adani Group’s compliance with regulations and the absence of any pattern of artificial trading, the conglomerate’s market value is expected to regain its lost ground. As SEBI continues its investigation, the Adani Group remains focused on conducting its business operations with integrity, transparency, and adherence to regulatory standards.

By 12news World

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