Adani Group Cleared Of Wrongdoing In Loan Transactions Case Alleged By Hindenburg: SEBI
The Securities and Exchange Board of India (SEBI) on Thursday issued its final order in the investigation concerning allegations made by Hindenburg Research against the Adani Group. The allegations involved claims that Milestone Tradelinks Pvt. Ltd. and Rehvar Infrastructure Pvt. Ltd. were used as conduits to route funds between Adani Ports & SEZ (APSEZ), Adani Power (APL), and Adani Enterprises (AEL). SEBI held that the loans made during financial years…
