SEBI clean chit: Gautam Adani writes letter to shareholders on Hindenburg; calls report a direct challenge to the audacity of Indian enterprises

In a letter to shareholders, Gautam Adani has asserted that the Hindenburg report, intended to weaken his group, has instead fortified its foundations and resolve. SEBI’s investigation found no evidence of fraudulent transactions or violations of listing agreements, providing Adani with a clean chit.