Jim Rogers drew on his extensive knowledge of market dynamics to offer a broader perspective on Adani Group getting a clean chit from SEBI. (Image: Wikimedia Commons) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The regulatory overhang on the Adani Group is over with India's market regulator, the Securities and Exchange Board of India (SEBI), dismissing allegations of stock manipulation and hidden transactions. In the wake of this development, legendary investor Jim Rogers has suggested that if the regulatory clearance is comprehensive, it could signal a classic buying opportunity for the conglomerate's stocks.
The saga began in early 2023 when US-based short seller Hindenburg Research published a report alleging stock manipulation and accounting fraud by the Adani Gro