Adani Hindenburg row: SC refuses to transfer Adani’s case from Sebi
In a reprieve to the Adani Group, the Supreme Court on Wednesday refused to transfer the investigation currently being carried out by the Securities and Exchange Board of India (Sebi) to a separate Special Investigation Team (SIT). The verdict prompted Adani Group Chairman Gautam Adani to tweet – “Truth has prevailed.”
Stating that its power to enter the regulator’s domain was “limited,” the apex court asked Sebi to conclude its investigation into the allegations by US-based short-seller Hindenburg Research within three months.
