Adani Group shares hold gains in weak market as SC grants Sebi more time
Shares of Adani group companies continued to hold gains in intra-day deals on Wednesday after the Supreme Court granted the market regulator, Sebi, three more months to complete its investigation. The Supreme Court, on Wednesday, said that there were no grounds for taking away the investigation of the Adani group of companies in the Hindenburg report from the markets regulator. It granted the Securities and Exchange Board of India (Sebi) three months to complete the investigation of two pending matters.
The Court also said that the Centre and Sebi will look into whether there has been any violation of law by Hindenburg Research on short-selling.
