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.
この記事は The Free Press Journal の July 03, 2024 版に掲載されています。
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この記事は The Free Press Journal の July 03, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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