After 32 months of scrutiny, Sebi has given the Adani Group a clean chit, dismissing Hindenburg Research’s allegations. The verdict has sparked a strong market reaction, with the group’s combined market capitalization surging over Rs 46,000 crore to Rs 13.8 lakh crore. Individual stocks jumped up to 10%, marking the end of a regulatory overhang that had weighed on the conglomerate since January 2023.