**Adani Group Demands Accountability from Hindenburg After $150 Billion Losses**
*By Akash Pandey | Sep 21, 2025, 05:26 PM*
The Adani Group is demanding accountability from US-based Hindenburg Research following allegations that led to a staggering loss of nearly $150 billion in shareholder value. This comes after the Securities and Exchange Board of India (SEBI) recently cleared the conglomerate of any related-party violations under existing laws.
According to Business Standard, a source close to the group questioned who would hold Hindenburg responsible for the financial damages suffered by millions of investors as a result of the claims.
**Market Response: Adani Stocks Surge After SEBI’s Clean Chit**
Following SEBI’s ruling, the nine companies under the Adani Group witnessed a stock price increase ranging between 0.3% and 12.4%. Adani Power emerged as the biggest gainer, with its stock price jumping 12.4%.
Despite this positive market response, the combined market capitalization of these companies remains below ₹14 lakh crore — still significantly lower than the pre-allegation highs when it had surpassed ₹19 lakh crore.
**Regulatory Scrutiny: No Evidence of Wrongdoing Found**
SEBI had launched an investigation in 2023 to probe the allegations made by Hindenburg Research. After a thorough inquiry, the regulator found no evidence of fraud, market manipulation, or diversion of funds.
Moreover, a six-member committee constituted by the Supreme Court to examine the claims also cleared the Adani Group of any wrongdoing.
The developments have bolstered the Adani Group’s stance, underscoring their demand for accountability from Hindenburg Research in the wake of the substantial losses incurred by investors.
https://www.newsbytesapp.com/news/business/adani-seeks-accountability-as-sebi-dismisses-hindenburg-allegations/story