Fully cooperating with probe, says Adani after Sebi’s extension request
Adani Group has released a statement saying that it is “fully cooperating” with Sebi’s probe into allegations made by the short-seller Hindenburg Research against it.
The Securities and Exchange Board of India (Sebi) on Saturday requested the Supreme Court for additional six months to complete its probe, citing complex transactions involving listed, unlisted and offshore entities that required detailed investigations.
May 2 was the initial deadline for the Sebi to file a status report to the apex court.
Adani Group’s statement stated that it welcomed the investigation, which represents a fair opportunity for everyone to be heard and for all issues to be addressed.
