Ground Report: Investors On Dalal Street Remain Confident About Adani Group In Hindenburg 2.0

Hindenburg Research escalated its feud with India’s stock market regulator SEBI and its chief, Madhabi Puri Buch, alleging conflicts of interest and fresh instances of financial impropriety tied to the Adani Group. The US short-seller's fresh salvo came soon after SEBI, and Buch and her husband vehemently denied allegations of leniency towards business tycoon Gautam Adani and his group of companies. In a joint statement, the Buchs described the claims as "baseless allegations and insinuations" devoid of truth. Investors expected a bloodbath on Dalal Street like the previous time; however, investors continue to maintain their trust and confidence in the Adani Group and SEBI. Here’s a ground report from D-Street.