“Hindenburg a hyena; wanted to create bloodbath in India”: Tehseen Poonawalla on SEBI’s clean chit to Adani Group
(source : ANI) ( Photo Credit : ani)
SEBI Clears Adani Group of Hindenburg Allegations: Analyst Calls Short-Seller a ‘Hyena’
Political analyst Tehseen Poonawalla has strongly criticized the now-shut US short-seller Hindenburg Research after SEBI gave a clean chit to the Adani Group. Speaking to in Pune, Maharashtra, Poonawalla branded Hindenburg as a "hyena" that aimed to stir chaos in Indian markets for quick profits.
"Hindenburg wasn’t a proper hedge fund—it acted like a hyena, trying to create a bloodbath in the Indian stock market. Then, like vultures, they swooped in to grab the profits. They made their money and shut down," Poonawalla said on Thursday.
Poonawalla praised SEBI’s detailed investigation report as fair and evidence-based. He pointed out that it tackled most of Hindenburg’s claims head-on, showing some allegations relied on wrong dates. Plus, Adani Group’s actions stayed within legal norms at the time, even if rules have evolved since.
"SEBI’s report is spot-on and balanced. It answers all the questions Hindenburg raised, clarifies the date mix-ups, and confirms Adani’s moves followed the law back then," he added. This comes as a big win for the Adani Group in the Hindenburg controversy, boosting confidence in India’s market regulator.
Poonawalla urged India to focus on building entrepreneurs like Gautam Adani and Elon Musk. He believes supporting business leaders is key to making India the world’s second-largest economy in the coming decades.
"India’s next 20 years are ours to seize. We can’t stop at one Adani—we need thousands. Create more Elon Musks too. Entrepreneurship drives our economy forward. Indians should aim to be global entrepreneurs, and both government and people must back them," he stressed.
On Thursday, SEBI officially dismissed Hindenburg’s accusations against Adani Group. The regulator found no breaches of listing rules, disclosure norms under SEBI’s LODR, or any related party transaction violations. This ends a long probe into claims of fraud and stock manipulation.
Adani Group Chairman Gautam Adani reacted sharply on X (formerly Twitter), calling for a national apology from those who fueled Hindenburg’s "false narratives." He reaffirmed the group’s dedication to transparency and expressed sorrow for investors hit by the 2023 market dip after the report.
"SEBI’s thorough probe confirms what we’ve always said: Hindenburg’s claims were baseless. Transparency and integrity guide Adani Group. We feel the pain of investors who suffered from this motivated attack. Those spreading lies owe India an apology," Adani posted.
This SEBI verdict on Adani Group marks a turning point in the high-profile Hindenburg Research saga, highlighting India’s push for strong market oversight and entrepreneurial growth.
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