The Securities and Exchange Board of India (SEBI) has concluded 22 out of 24 investigations into the Adani Group following allegations by US-based Hindenburg Research. The remaining two probes are at an interim stage. SEBI's investigations focused on possible violations of public shareholding norms, takeover regulations, related-party transactions, stock price manipulation, and insider trading​. The Supreme Court has granted SEBI three more months to complete the final two investigations, emphasizing that no additional probes are needed​