Ahmedabad, Sept. 24 -- Adani Group Chairman Gautam Adani has described the Securities and Exchange Board of India's (SEBI) dismissal of allegations against the Adani Group as a "powerful validation" of its governance and transparency, in a letter to the shareholders.

In the letter to the shareholders, he wrote that what was meant to weaken the Group has instead strengthened its foundations.

Gautam Adani recalled January 24, 2023, when a US short-seller's report triggered a market storm.

"It was not merely a critique of your Adani Group. It was a direct challenge to the audacity of Indian enterprises to dream on a global scale," he wrote.

Gautam Adani said SEBI's "resounding and unequivocal verdict" delivered last week had brought clos...