Adani-Hindenburg Case Verdict Live Updates: Satyameva Jayate, Says Chairman After Clean Chit

• Limited power of Supreme Court to enter into the regulatory policy of SEBI.

• No valid grounds to revoke amendments to FPI regulations.

• SEBI to conclude remaining investigations within three-months.

• SEBI should take its investigations to the logical conclusion in accordance with law.

• The facts of this case do not warrant the transfer of investigation from SEBI to either SIT or CBI.

• Petitioners reliance on DRI letter is misconceived as the issue has already been settled.

• The allegation of conflict of interest against members of the Committee are unsubstantial, unsubstantiated and addicted.

• The Union Government and SEBI shall constructively consider the suggestions of the expert Committee.

• SEBI and Union government to probe whether the losses to investors due to short selling involved any infraction of law.

"The Hon'ble Supreme Court's judgement shows that: Truth has prevailed," Adani Group Chairman Gautam Adani said in a social media post after the Supreme Court verdict.

"I am grateful to those who stood by us. Our humble contribution to India's growth story will continue," Adani said.

Shares of Adani group companies rose after the Supreme Court verdict on the Adani Group-Hindenburg Research case.

Adani Energy Solution Ltd. led gains after the stocks surged over 14%, followed by Adani Total Gas Ltd. which was over 11%. Adani Ports and Special Economic Zone Ltd. and Ambuja Cements Ltd. were at 52-week high.

Adani Group stocks added as much as Rs 1.18 lakh crore in investor wealth, taking the conglomerate's total market capitalisation to as high as Rs 15.62 lakh crore, intraday, the highest since Jan. 27, 2023

As of 10:44, the shares added Rs 72,402 crore in market value at a market capitalisation of Rs 15.18 lakh crore.

Disclaimer: NDTV is a subsidiary of AMG Media Networks Ltd., an Adani Group company.

Supreme Court has very clearly trusted SEBI, says Deven Choksey.

"Dark cloud is over for Adani Group now," says Choksey. "Can now look at business outlook of Adani Group with confidence."

"On paper even if valuations look expensive, don’t think Adani Group is expensive. Adani Ports is likely to continue its growth story. Size of potential for renewable energy bodes well for Adani Green," he says.

"There needs to be some deterrence against global speculators," says Abhay Agarwal. "Glad that Hindenburg has met their match in the Adani Group."

"Glad that the lending cycle didn't break, no one tried to pull capital. Good news for Indian infrastructure development," says Agarwal.