Subramanian further stated that SEBI as a regulator of Indian markets has a right to ask questions to any market participants, and Hindenburg's reaction against the Indian market regulator is uncalled for.
Talking about the Hindenburg charges Gautam Adani said "We were faced with baseless accusations made by a foreign short seller, that questioned our decades of hard work. In the face of an unprecedented attack on our integrity and reputation, we fought back and proved that no challenge cou
Adani Group, whose market capitalisation was badly hit by a US-based short seller report in early 2023, has recovered from the losses and the Indian conglomerate is back on an "expansion spree".
According to a Bloomberg report, market regulator SEBI has asked many global funds, who have invested in Adani Group stocks, to defend themselves against allegations of improper disclosures and market manipulations
Adani said, "Yes, the Hindenburg attack on Adani was the world's biggest attack on a corporate. I also have no hesitation in saying that this attack was a unique two-dimensional attack, compared to typical short-seller attacks which are one-dimensional."
The China Securities Regulatory Commission has limited short-selling aiming to stem a protracted USD 6 trillion-dollar stock market rout that began in 2021, however, the experts doubt that it will be able to bring any respite to the meltdown, CNN reported.
Hearing the Adani-Hindenburg matter, the Supreme Court on Friday remarked that it is easy to make allegations against anyone and opined the petitioners to show some responsibility while levelling charges against any party.
Advocate Prashant Bhushan, appearing for one of the petitioners, informed the top court that the matter was listed for hearing on August 28 but it is being deferred and not getting listed.
Continuation of high-interest rates and stagnant growth in the global economy, coupled with geopolitical risks such as the conflict in West Asia, FSC said in the release that there are growing uncertainties for the Korean economy.
Adani Group Chairman Gautam Adani while speaking at its Annual General Meeting 2023 on Tuesday told investors that the Supreme Court-appointed expert committee's report helped rebuild confidence in the Group.
The Supreme Court on Friday listed to hear on May 15 (Monday) the Securities and Exchange Board of India's (SEBI) plea seeking to extend the time to conclude the investigation in the report by US short-seller Hindenburg Research by a period of six months.