"Happy To Note Adani Group Came Out Unscathed": Mukul Rohatgi On Supreme Court Panel Report
NDTV
"The report shows no wrongdoing by the Adani Group. I am happy to note the Adani Group has come out unscathed in this report," senior lawyer Mukul Rohatgi told reporters
Senior lawyer Mukul Rohatgi has said the report of the Supreme Court-appointed committee to look into India's regulatory mechanism to protect investors has not found any wrongdoing on the part of the Adani Group, following the allegations by US short seller Hindenburg Research.
"The report shows no wrongdoing by the Adani Group. I am happy to note the Adani Group has come out unscathed in this report," he told reporters in Delhi today.
The Adani Group has taken necessary steps to comfort retail investors after the volatility caused by Hindenburg report, according to the report.
"It (the report) has also found there is no violation in related party transactions. It found minimum public shareholding requirements of SEBI (Securities and Exchange Board of India) are well-maintained... The most important thing that the committee found is that the prices of Adani Group stocks are stable. They are not the prices before January 24, but wherever they are, they are stable and investors are confident. Adani Group has done a lot to ensure investor confidence," Mr Rohatgi said.
