Home / News / India News / Article /
‘Kotak Bank role in Adani scandal’
Updated On: 03 July, 2024 07:30 AM IST | New Delhi | Agencies
Hindenberg slams SEBI omission of Kotak’s name in Adani shorting case
Listen to this article :
US short-seller said it had disclosed it had bets against the group. Representation pic
Billionaire banker Uday Kotak founded bank as well as brokerage created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that followed a damning Hindenburg report, the US short seller said on Tuesday.
Hindenburg Research, which had in a January 2023 report alleged stock market manipulations and accounting fraud at the Adani group, said it has received a show cause notice from the Indian markets regulator SEBI over gains made from betting on the conglomerate’s shares.
Read Next Story
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT