A Supreme Court-appointed committee led by retired judge A M Sapre, which inquired into the Adani-Hindenburg issue, said there was no regulatory failure in relation to compliance with the regulatory stipulations governing minimum public shareholding stipulation. It also found no conclusive proof of price manipulations in Adani scrips.
It said, “Hindenburg report contained no new data but was substantially a collection of inferences from data in the public domain”.
The report, furnished in the Supreme Court, said, the committee is of the view that it would not be possible to return a finding of a regulatory failure in relation to compliance with the regulatory stipulations governing minimum public shareholding stipulation.
