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Adani Hindenburg row: SC tells SEBI to conclude probe within 3 months
Updated On: 03 January, 2024 11:23 AM IST | Delhi | mid-day online correspondent
The Supreme Court on Wednesday directed the Securities and Exchange Board of India (SEBI) to complete its probe into two pending cases that sprouted from the Adani Hindenburg row within three months.
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Gautam Adani. File Pic
The Supreme Court on Wednesday directed the Securities and Exchange Board of India (SEBI) to complete its probe into two pending cases that sprouted from the Adani Hindenburg row within three months. The cases are related to allegations against businessman Gautam Adani`s group of companies made by New York short-seller Hindenburg.
According to the report, holding that the Supreme Court cannot regulate SEBI`s power of investigation, the bench headed by Chief Justice of India DY Chandrachud noted that the regulatory body has completed its probe in 22 of 24 cases relating to allegations of market manipulation levelled by Hindenburg against Adani group.
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