Sebi seeks 6-month extension to complete Hindenburg’s Adani probe: Report

India’s capital markets regulator urged the country’s top court to give it six more months to complete a probe into short-seller Hindenburg Research’s allegations against billionaire Gautam Adani’s conglomerate.

The Securities and Exchange Board, which was set to file a status report May 2, told the Supreme Court in a legal filing Saturday that it has collected information and documents from a number of entities, including seven publicly listed Adani companies and subsidiaries.

The material will require verification, and the investigation will involve depositions from the relevant people, according to the filing, which was reviewed by Bloomberg News.