NEW DELHI: Market regulator Securities and Exchange Board of India (SEBI) has approached Supreme Court seeking an additional six months’ time to complete the probe in the Adani-Hindenburg saga.
Taking note of the fact that SEBI was already seized of the investigation into the allegations made against Adani Group companies, Supreme Court had asked it to further investigate into violation of Rule 19A of the Securities Contracts (Regulation) Rules 1957, failure to disclose transactions with related parties and other relevant information concerning SEBI related parties and also into the manipulation of stock prices in contravention of existing laws and conclude the same in two months.
