Indian regulators dismiss stock manipulation allegations on Adani Group | Business and Economy News

Despite the dismissal, Gautam Adani still faces allegations of bribery and fraud in US courts.

The Securities and Exchange Board of India (SEBI) has dismissed allegations of stock manipulation against Indian billionaire Gautam Adani and his group of companies that had been made by US short seller Hindenburg Research.

SEBI announced its decision on Thursday.