The firm has dismissed the notice as 'nonsense' and an attempt to 'silence and intimidate' those exposing corruption.
The Securities and Exchange Board of India, in the June 26 show cause notice, had charged Hindenburg of "deliberately sensationalising and distorting certain facts" in the January 2023 report on the Adani group as well as working with a New York hedge fund to make its bet.
A show-cause notice is often a precursor to formal legal action that may include imposing financial penalties and barring participation in the Indian capital market. SEBI has given Hindenburg 21 days to respond to its allegations.
هذه القصة مأخوذة من طبعة July 03, 2024 من The Free Press Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 03, 2024 من The Free Press Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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