Adani-Hindenburg case: Sebi concludes 22 probes, submits report to SC
The Securities and Exchange Board of India (Sebi) has concluded all barring two of its investigations into the allegations made by US-based short-seller Hindenburg Research against Gujarat-based conglomerate Adani Group, the market regulator submitted in its status report to the Supreme Court on Friday.
Sebi has said 22 of the 24 investigations had been completed. The two remaining are at an interim stage.
The investigations are into the possible violations of minimum public shareholding (MPS) norms, takeover regulations, related-party transactions (RPT), manipulation in stock prices, and insider trading.
