NEW DELHI: The ED has investigated the links of an Indian private bank and 15 other entities, including foreign portfolio investors (FPIs), whose beneficial ownership is not yet known, in the case related to short selling of shares of Adani group companies earlier this year.
The agency has shared its intelligence related to these 16 entities with market regulator Securities and Exchange Board of India (Sebi), which is investigating the suspicious short selling positions taken by some entities against Adani group shares, in the run-up to the release of the Hindenburg research report on January 24.
