Shares of Adani Group companies surged on Friday after the Securities and Exchange Board of India (Sebi) cleared the conglomerate and its chairman Gautam Adani of allegations made by US short-seller Hindenburg Research.
The gains were broad-based across the group’s listed entities. Adani Total Gas led the rally, soaring 10% on the BSE. Adani Power climbed 7%, while flagship Adani Enterprises advanced nearly 5%.
