The stocks of the Adani Group shot up on Tuesday, May 23, after its most recent investor, GQG Partners, increased its holdings in the group by almost 10%.
The committee also acknowledged Adani Group's efforts to comfort their investors. The committee also noted that there were short-selling profits made by entities after the Hindenburg report was published and that it should be probed.
Just today, the official Twitter handle of the Congress posted a photoshopped image to target businessman Gautam Adani and Prime Minister Narendra Modi.
The committee found no evidence of repeated artificial trading or wash trades between the same parties. Moreover, no clear pattern of abusive trading was noticed.
AdaniConneX, a 50:50 joint venture between Adani Group and EdgeConneX, will build a data centre, technology and business park, and skill development centre in Andhra Pradesh