The Securities and Exchange Board of India (SEBI) has filed a fresh status report before the Supreme Court apprising it that out of 24 investigations arising out of the Hindenburg report, 22 are final in nature and 2 are interim in nature.
SEBI submitted that with respect to the interim investigation reports SEBI has sought information from external agencies and entities and upon receipt of such information will evaluate the same vis-a-vis the interim investigation report to determine further course of action, if any, in the matters.
SEBI submitted that it shall take appropriate action based on the outcome of the investigations in accordance with law in various aspects.
The investigation was carried out in compliance with the directions of the top court's order dated March 2, 2023, SEBI has investigated 24 matters.
This story is from the August 26, 2023 edition of The Statesman.
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This story is from the August 26, 2023 edition of The Statesman.
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