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The Times of India

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Hindenburg lashes out on Sebi over Adani report

SEBI Hindenburg Adani Group Hindenburg Research India

Hindenburg Research called out the Securities and Exchange Board of India(Sebi) for failing to address the fraud it alleged in a short-selling report on the Adani Group early last year, after receiving a notice from the regulator in June.

The US shortseller received a notice from India’s markets regulator Sebi in June saying the company’s report on the Adani Group contained certain misrepresentations and inaccurate statements meant to mislead readers, it said in a statement published on its website on Monday.

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