Amid the Hindenburg-Adani row, the Securities and Exchange Board of India (SEBI) has told the Supreme Court that it is already enquiring into the allegations made in the Hindenburg report as well as the market activity immediately preceding and post the publication of the report.
The petitioner has urged the Supreme Court to set up an investigation against Adani Group of Companies and its associates, which have allegedly swindled crores of money from the public and the government exchequer. It sought a probe by various investigating agencies, namely, CBI, ED, DRI, CB
The central government on Monday informed the Supreme Court that SEBI is competent to handle the situation and it has agreed to constitute a committee to protect investor interests.
The Supreme Court on Friday sought a response from the Ministry of Finance and the statutory market regulator, SEBI on how to ensure that Indian investors are protected in future against sudden volatility, after taking note of a recent market crash in the wake of a report by US short-seller
A plea has been moved in the Supreme Court seeking to issue a gag order restraining media from releasing any statement against the listed companies including the Adani group of companies unless pre-verified by the SEBI.
SEBI said that the Indian financial market as represented by Sensex and Nifty has demonstrated ongoing stability and is continuing to function in a transparent, fair and efficient manner.
SEBI said it is committed to ensuring market integrity and that the markets continue to have the appropriate structural strength to function in an uninterrupted, transparent and efficient manner
Through the scheme, it does not directly invest in startups but instead provides capital to SEBI-registered AIFs, known as daughter funds, who in turn invest money in growing Indian startups through equity and equity-linked instruments.
According to the plea, it sought an "inquiry to prosecute and register FIR under section 420 and 120-B of IPC read with Section 15HA SEBI Act against the short sellers ( Anderson and his associates in India /USA) for exploiting innocent investors."
SEBI has ordered the attachment of bank and demat accounts of Sahara Group chief Subrata Roy and three others to recover Rs 6.48 crore for violating regulatory norms by two group companies.
Adani Enterprises had filed a red herring prospectus with the markets regulator Securities and Exchange Board of India (SEBI) for the Rs 20,000 crore follow-on public offer (FPO), the largest ever in India.
Adani Enterprises had filed a red herring prospectus with the markets regulator Securities and Exchange Board of India (SEBI) for the Rs 20,000 crore follow-on public offer (FPO)