Sun. Jun 23rd, 2024
Sebi Set to Submit Final Adani Report to Supreme Court

SEBI Set to Submit Final Adani Report to Supreme Court

SEBI Set to Submit Final Adani Report to Supreme Court

The Securities and Exchange Board of India (SEBI) is set to submit its final report on the allegations made by Hindenburg against the Adani Group to the Supreme Court. The Securities and Exchange Board of India (SEBI) sought an additional time of about 15 days from the apex court to consider the Adani-Hindenburg situation. SEBI said that it is making good progress in its investigation.

What is Hindenburg Report?

In January this year, a report named Hindenburg Report came out. It says that the Gautam Adani-led group did some very dishonest things with their money and also manipulated their shares. The group did not agree with this report at all. He called it a lie and said it was purposely made to hurt him. But due to this report, the value of shares of Adani Group decreased by more than $ 140 billion in a few days. It was such a big problem that he had to cancel plans to sell some of his company’s shares for ₹20,000 crore.

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