Sebi examines Adani share rout after Hindenburg report

India’s market regulator Sebi is examining a rout in the shares of Adani Group companies and also looking into any possible irregularities in the recent share sale by its flagship company, a source with direct knowledge of the matter told Reuters on Wednesday.

Spokespeople for Adani Group and Sebi did not immediately respond to requests for comment.

Sebi is also examining allegations made in a report by US short-seller Hindenburg Research that Adani companies did not declare related party transactions as required, the source said, speaking on condition of anonymity since the matter is confidential.