The Adani Group has received a major endorsement from India’s market regulator, SEBI, which has dismissed all allegations made by Hindenburg Research against the conglomerate. This clean chit has sparked reactions across social media, including a humorous response from the Adani Group’s Chief Financial Officer, Jugeshinder Roby Singh, to a post by Trinamool Congress MP Mahua Moitra.
Mahua Moitra Reacts
On the morning of September 19, 2025, Mahua Moitra took to social media platform X to express her surprise at SEBI’s decision, writing, “Wow! SEBI India has given the Adani Group a clean chit. I can't believe it. I never expected this.” Her post quickly gained traction, drawing reactions from netizens and financial circles.
Adani Group CFO’s Humorous Reply
In a lighthearted response, Adani Group CFO Jugeshinder Roby Singh tweeted, “Heartiest wishes to the Honorable MP for the Puja festival.” His tweet, linking SEBI’s decision with festive greetings, has gone viral, being widely shared and discussed on social media.
Wish you joyous and happy Puja festivities Hon MP
— Jugeshinder Robbie Singh (@jugeshinder) September 19, 2025
SEBI’s Findings
SEBI’s investigation concluded that there was no evidence of fraud, market manipulation, or insider trading by Adani Enterprises, Adani Ports, or other group companies. The 350-page order confirmed that all examined transactions were in compliance with applicable laws and regulations under the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP).
Following the announcement, Adani Group shares surged sharply, reflecting renewed investor confidence in the conglomerate.
Gautam Adani’s Statement
Gautam Adani, Chairman of the Adani Group, reiterated that the allegations made by Hindenburg Research were baseless. He said, “After a detailed investigation, SEBI has confirmed what we have always said: Hindenburg's claims were without merit. Transparency and honesty have always been the hallmarks of the Adani Group.”
Adani further expressed empathy for investors affected by the malicious report, stating, “We deeply feel the pain of the investors who lost their money due to this fraudulent and malicious report.”
Investor Sentiment
The SEBI clean chit has provided a significant boost to market sentiment. Analysts suggest that the decision not only vindicates the Adani Group but may also restore confidence in the Indian markets, which had seen volatility following Hindenburg’s report.
The exchange between a prominent MP and the group’s CFO has added a unique twist to the financial news cycle, blending regulatory vindication with social media diplomacy, and has become one of the most talked-about moments in recent market news.
