The Securities Exchange Board of India (SEBI) said its investigation into two crucial aspects raised by the Hindenburg Research report against the Adani Group continues to be in an “interim” stage.
The markets regulator said in a status report submitted to the Supreme Court that it had completed work in 22 of the 24 investigations initiated into the allegations raised by the U.S.-based entity against the Indian conglomerate.
One of the two investigations which has so far foxed SEBI is about the 13 overseas entities (12 FPI and one foreign entity) who were classified as public shareholders of the Adani group of companies.
