Markets regulator, the Securities and Exchange Board of India (SEBI), has issued a show cause notice to Hindenburg Research for alleged “unfair trade practices” in its 2023 report against the Adani Group. Hindenburg has dismissed the allegations as an attempt to “silence and intimidate” those exposing corruption.
In the June 26 notice, SEBI accused Hindenburg of “deliberately sensationalising and distorting certain facts” in its January 2023 report on the Adani group and collaborating with a New York hedge fund for financial gain.
Hindenburg, which published the notice on its website, stated it made just $4.1 million from its positions on Adani stocks and criticised SEBI for not investigating the report’s evidence of the conglomerate’s alleged creation of a vast network of offshore shell entities and the surreptitious movement of billions of dollars.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
DANCING IN VENERATION FOR THE MOTHER GODDESS
A panel discussion titled 'Happiness through the Arts' took place, a collaboration with the 'Sangeet Foundation' and Jayanta Ray
'Pushpa 2' trailer launch breaks records with highest number of live viewers in Indian cinema
The much-anticipated trailer launch of 'Pushpa 2: The Rule' has created history by becoming the most-watched live event in Indian cinema.
Nayanthara opens up about past relationships
It's surreal how every actor, who is fiercely guarded about their private lives, was once an open book for all to read.
'Felt lot of respect for Nehru during my research for Freedom at Midnight'
Sidhant Gupta plays Jawaharlal Nehru in the web series currently streaming on 'SonyLIV'
Jimmy inspired Avinash to take up acting
Tiwary once admired Sheirgill as a role model during his formative days
Delhi's air quality hits crisis point with AQI of 494; stringent curbs rolled out
Delhi's air quality has plummeted to alarming levels, with the Air Quality Index (AQI) soaring to a hazardous 494 on Monday, the second-worst in six years.
Ranveer reveals the secret behind his pulsating energy
He recently starred in 'Singham Again'
Virat Kohli will have his moments, hopefully not too many: Travis Head
Australian batter Travis Head on Monday backed Virat Kohli to \"have his moments in the series\", as the Indian superstar continued to dominate talks in the run-up to the five-Test Border-Gavaskar Trophy, starting here on Friday.
Australia clean sweep Pakistan in T20 series
Marcus Stoinis bludgeoned 61 not out off 27 balls as Australia swept Pakistan 3-0 in the Twenty20 series with a seven-wicket victory in the final game on Monday.
Shami named in Bengal T20 squad for Syed Mushtaq Ali Trophy
India pacer Mohammed Shami, who made a splendid return to competitive cricket with Ranji Trophy, was on Monday named in Bengal's squad for the Syed Mushtaq Ali Trophy beginning on Saturday.
