SEBI Issues Show Cause Notice to Hindenburg ResearchMarket regulator SEBI has sent a 46-page show cause notice to American short seller firm Hindenburg Research, following their publication of allegations against the Adani Group last year. Hindenburg, in response, accused SEBI of attempting to silence those who expose fraud and corruption. The report published by Hindenburg last year led to a significant decline in the share prices of Adani's companies, impacting the market cap of the Adani Group and Gautam Adani's net worth.

Hindenburg's Allegations and SEBI's ResponseHindenburg Research had published a 106-page report in January last year, making various allegations against the Adani Group, including debt issues and manipulation of share prices. SEBI's notice to Hindenburg highlighted that the firm had misrepresented facts in their report, misleading investors. Despite Adani Group denying the allegations at the time, the market cap of the group witnessed a substantial decline following the publication of the report.

Adani Group's Recovery and Gautam Adani's Net WorthFollowing the turmoil caused by Hindenburg's report, Adani Group has been able to make a significant recovery. Gautam Adani has managed to compensate for the losses suffered last year, with his net worth now standing at $105 billion, making him the 14th richest billionaire according to the Bloomberg Billionaires Index. This substantial increase in net worth showcases the resilience of Adani Group and Gautam Adani in overcoming challenges posed by external factors like short seller reports.