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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

SC seeks Sebi's response on petitions related to Hindenburg report on Adani Group by February 13

SEBI Adani Adani Group Hindenburg SC Securities and Exchange Board of India New Delhi United States

NEW DELHI: The Supreme Court on Friday sought the Securities and Exchange Board of India's (Sebi) response on 2 PILs accusing the market regulator of inaction in regulating the share markets in the face of Hindenburg report which resulted in crash of Adani group company share prices & massive loss to small investors.

It has fixed February 13 as the date for hearing Sebi's response.

The apex court asked Sebi to apprise it on how to ensure investors protection in future, amid persistent rout in stocks of Adani Group companies after a report by US short seller Hindenburg Research alleged stock manipulation and fraud.

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