Billionaire industrialist and Adani Group’s Chairman, Gautam Adani, alongside together with his spouse, Priti Adani, visited a Jain temple in Ahmedabad, Gujarat, sooner or later after India’s capital markets regulator, the Securities and Change Board of India (Sebi), dismissed Hindenburg expenses towards the conglomerate, reported the information company ANI on Saturday, 20 September 2025.
In accordance with the information company’s report, an in depth aide of the billionaire mentioned that Adani selected to choose gratitude over celebration because the Hindenburg storm smoothens after months of speculations over Sebi’s judgment.
“For the Adani household, this was greater than regulatory aid — it symbolised the triumph of fine over evil, a quiet victory of grit, religion, and resilience,” the aide informed the information company.
On Saturday, 20 September 2025, Adani and his spouse lit a single diya and supplied a silent prayer of because of God and sought the blessings of the Almighty.
Adani on Sebi’s order
Mint reported earlier that Sebi on Thursday, 18 September 2025, cleared Adani Group and its high executives of allegations of bypassing related-party transaction guidelines levelled by Hindenburg Analysis.
Billionaire Gautam Adani, in a social media put up on X, reiterated his stance that the allegations imposed by the US-based brief vendor Hindenburg Analysis had been ‘baseless’ and the corporate has maintained its transparency and integrity.
“After an exhaustive investigation, SEBI has reaffirmed what we’ve got all the time maintained, that the Hindenburg claims had been baseless. Transparency and integrity have all the time outlined the Adani Group,” mentioned Gautam Adani in his put up.
Adani additionally addressed that he emphatises with the ache of the buyers who misplaced their cash throughout the Adani-Hindenburg Saga which rocked the Indian inventory market because the authentic report was launched in January 2023.
“We deeply really feel the ache of the buyers who misplaced cash due to this fraudulent and motivated report. Those that unfold false narratives owe the nation an apology,” mentioned Adani. “Our dedication to India’s establishments, to India’s folks and to nation constructing stays unwavering,” he mentioned.
Here is what Sebi discovered
Mint reported earlier that Sebi discovered that despite the fact that the Adani Group firms routed their funds by three firms as per the Hindenburg claims, these transactions weren’t unlawful on the time after they had been executed.
In two separate orders launched collectively on Thursday night, Sebi’s whole-time member Kamlesh Varshney disposed of the proceedings towards all noticees, which included Gautam Adani, his brother Rajesh Adani, and Group chief monetary officer (CFO) Jugeshinder Singh.
The market regulator’s investigation was triggered by a Hindenburg Analysis report, which alleged that Adani Group firms used Adicorp Enterprises Pvt. Ltd, Milestone Tradelinks Pvt. Ltd, and Rehvar Infrastructure Pvt. Ltd as “conduit entities.” Nevertheless, Sebi mentioned the group couldn’t be penalised primarily based on a 2021 modification made after these transactions.
