Sebi Moves Ahead with Action Against Hindenburg, Others in Adani Case: Report
10 Articles
10 Articles
India regulator presses ahead against Hindenburg, others in Adani case, sources say
The Securities and Exchange Board of India (SEBI) in 2024 said U.S.-based Kingdon Capital Management built short positions in Adani-related stocks through a Mauritius-based fund linked to Kotak International before Hindenburg published its report.
SEBI presses ahead against Hindenburg, others in Adani case: Report
Markets regulator Securities and Exchange Board of India (SEBI) has started hearing representations as it seeks to recover gains from trades it suspects benefited from prior knowledge of Hindenburg Research's scathing report about Adani Group, two people with knowledge of the matter said.
Sebi moves ahead with action against Hindenburg, others in Adani case: Report
Sebi has started hearing representations as it seeks to recover gains from trades it suspects were based on prior knowledge of Hindenburg Researchs 2023 report on the Adani Group. The regulator had alleged that Kingdon Capital built short positions in Adani-related stocks before the report triggered a selloff, wiping out $150 billion in group value. Adani denied wrongdoing.
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