Adani-Hindenburg saga: Found no regulatory failure, says SC panel
The Supreme Court-appointed expert panel has said it has not found any regulatory failure on the part of the Securities and Exchange Board of India (Sebi) in relation to the way it has dealt with the affairs at Adani Group.
Nor has the six-member committee, in its interim report submitted on May 6, made any adverse observations on the port-to-power conglomerate, which was attacked by US-based short-seller Hindenburg Research, which led to a Rs 12-trillion rout in its group’s market value.
The report, which came into the public domain on Friday, triggered gains of between 1 per cent and 7 per cent in the 10 Adani Group stocks, helping them add Rs 34,000 crore in market cap.
