Adani Group shares soared on Friday after SEBI gave a clean chit to the conglomerate over Hindenburg allegations. Market cap jumped by over Rs. 69,000 crore bringing big relief to investors.
The SEBI completed its investigation into allegations made by US based firm Hindenburg Research and gave Adani Group a clean clearance.
This positive development triggered a strong rally across all Adani companies, adding more than Rs. 69,000 crore to their combined market capitalization.
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For investors this news came as a big relief clearing the long standing uncertainty around the group.
Almost all Adani Group stocks reflected the favorable sentiment and traded higher in response.