Hailing Sebi ‘s “resounding and unequivocal” dismissal of Hindenburg allegations against his conglomerate, Adani Group chairman Gautam Adani told shareholders on Wednesday that they will now focus on strengthening governance, accelerating innovation, and doubling down on nation building through infrastructure investments.

“What was meant to weaken us has instead strengthened the very core of our foundations,” he wrote to them, days after the Securities and Exchange Board of India (Sebi) cleared Adani and his group companies of the charges levelled by the now-defunct Hindenburg Research in early 2023.

Hindenburg report sparked $150-billion sell-off of Adani stock

The report by the US-based short-seller alleging stock manipulation and fraudulent related-party transactions had then tri

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