Adani's Wealth Soars as Hindenburg Report Discredited
Originally Published 2 years ago — by Forbes
Billionaire Gautam Adani's wealth surged by $6 billion as shares of his 10 listed companies in the Adani Group soared following India's Supreme Court reserving its judgment on the Adani-Hindenburg saga. The court's direction to the Securities and Exchange Board of India (SEBI) to conclude its investigation, along with the chief justice's remarks discrediting Hindenburg's report, boosted investor sentiment. Adani's net worth now stands at $57.1 billion, making him the 23rd richest person globally. The Adani Group had previously denied the allegations of stock manipulation made by Hindenburg.