Tuesday, November 28, 2023

‘Truth will prevail…’: Gautam Adani welcomes SC order on Hindenburg row

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The Adani Group applauded the Supreme Court’s judgement on Thursday, stating that “truth will prevail” after it established an expert committee and asked markets regulator SEBI to investigate whether there was any stock price manipulation.

The Group’s Chairman Gautam Adani tweeted on Thursday, “The Adani Group welcomes the order of the Hon’ble Supreme Court. It will bring finality in a time bound manner. Truth will prevail.”

The Supreme Court established an expert group on the matter raised by the Hindenburg Research study on Adani Group enterprises today. The committee will be composed of six members, led by former Supreme Court Judge AM Sapre.

The Supreme Court was examining petitions related to the Hindenburg report, including the formation of a commission on regulatory instruments to protect investors’ interests.

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