Gautam Adani Wealth Surges $13B After SEBI Clears Case

Gautam Adani's net worth surged by $13 billion over two trading sessions following the Securities and Exchange Board of India (SEBI) dismissing allegations related to fund routing and related-party transactions in the Hindenburg short-selling case. This regulatory relief boosted investor confidence, driving a sharp rally in Adani Group's stocks, with notable gains across multiple group companies including Adani Power, Adani Total Gas, and Adani Green Energy. Adani's wealth now stands at approximately $95.7 billion, narrowing the gap with Mukesh Ambani, whose net worth is $98.6 billion, positioning Adani close to becoming Asia's richest person. Despite this positive development, SEBI continues to investigate other allegations against the group, and a US Department of Justice bribery case remains unresolved. The surge in Adani's stock market value marks a significant recovery after the Hindenburg Research report had previously wiped out tens of billions in market capitalization. Investor enthusiasm is reflected not only in equity trading but also in record-high activity in options markets for the group's flagship companies.