The Adani group is considering an independent evaluation of issues relating to legal compliance, related party transactions and internal controls, disclosures showed on Tuesday.

The quarterly earnings disclosures of three Adani units — Adani Green Energy, Adani Ports and Special Economic Zone and Ambuja Cements — noted that a short seller had alleged “certain issues against some” Adani group entities, saying for the first time they may be looked into.

“The management of Adani group entities are evaluating an independent assessment, basis the requisite corporate approvals, to look into the issues and compliance of applicable laws and regulations, transaction specific issues,” Adani Green said in its quarterly earnings filing, without describing the issues.

While Ambuja’s filing was similar, Adani Ports said it would evaluate an independent assessment on the matter, if required.

The disclosure comes as shares of Adani Group rallied on Tuesday, a day after it prepaid some loans, bringing relief to investors that have seen $113.6 billion wiped off the conglomerate’s market value since the Hindenburg research report two weeks ago.

The bond market was also favourably inclined towards Adani with the debt papers of most companies in the group paring their losses.

Group flagship Adani Enterprises led the charge as it closed with gains of 14.63 per cent at Rs 1,802.50 on the BSE after surging 25 per cent during intra-day trades to Rs 1,965.50.

Adani Ports and Special Economic Zone (APSEZ) rose 1.33 per cent to settle at Rs 553.30, after hitting an intra-day high of Rs 598.70.

Among the other group companies, while the ACC share climbed 1.32 per cent to Rs 1,995.50, Ambuja Cements gained 1.12 per cent to Rs 383.70 and NDTV closed with gains of over 1 per cent at Rs 216.95.

However, though Adani Power edged higher during intra-day trade, it succumbed to a fresh selling wave. The stock ended with losses of 4.99 per cent at Rs 173.35 after it hit a high of Rs 186. Adani Transmission ended marginally lower at Rs 1,251.70 against its previous close of Rs 1,261.40.

In the debt markets, some of the group bonds bounced back from their lows. A Bloomberg report said nine of the 15 dollar bonds of the group rose, led by Adani Renewable Energy which rose 0.9 cents.

The partial pullback came on a day a bunch of companies from the group reported earnings for the third quarter ended December 31.

Ambuja Cements, which was acquired by the group last year, reported a 13.2 per cent rise in its consolidated net profit to Rs 487.88 crore against Rs 430.97 crore in the same period of the previous year. Revenue from operations rose 3.69 per cent to Rs 7,906.74 crore.

Adani Green Energy’s consolidated net profit more than doubled to Rs 103 crore from Rs 49 crore in the year-ago period. Total income rose to Rs 2,258 crore from Rs 1,471 crore.

APSEZ disappointed when it posted a 12.94 per cent decline in consolidated net profit to Rs 1,336.51 crore from Rs 1,535.28 crore because of forex losses.

Analysts polled by Bloomberg had pegged the net profit at Rs 1,501.6 crore.

Total income increased to Rs 5,051.17 crore from Rs 4,713.37 crore in the corresponding period of the previous year.

NDTV reported a 49.76 per cent decline in consolidated net to Rs 15.05 crore for the quarter ended December. Revenue was down 9.44 per cent to Rs 105.37 crore.