Adani-Hindenburg row: Not investigating Adani group since 2016, Sebi to SC
The Securities and Exchange Board of India (SEBI) on Monday told the Supreme Court that it was not investigating the Adani group since 2016 and termed such claims factually baseless”.
The earlier investigation pertained to the issuance of Global Depository Receipts (GDRs) by 51 Indian firms and no listed company of Adani group was among them, submitted the market regulator which is seeking an extension of six months to complete a probe into allegations of stock price manipulation by the Guatam Adani-led group.
On May 12, lawyer Prashant Bhushan had opposed the plea for the extension of time, saying SEBI was seized of some kind of investigation in the matter since 2016.
