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The Supreme Court on Friday reserved its verdict in a a batch of petitions seeking an examination of allegations of fraud made against Adani Group of companies in the Hindenburg Research report.
India News: The Supreme Court on Friday granted interim protection to two journalists who were summoned by Gujarat police for their article alleging stock manipul
Adani case: The Enforcement Directorate has informed markets regulator SEBI about suspicious activities by 16 entities, including one Indian private bank and 15 other entities, including FPIs in the case relating to short-selling in shares of Adani group companies. A January report by Hindenburg alleged corporate governance issues in Gautam Adani's companies following which shares took a dive before eventually recovering.
In May, the Court had granted SEBI time till today to provide a status report on its probe into the controversy surrounding the Hindenburg Research report on the Adani Group.
Advocate Prashant Bhushan told a bench led by Chief Justice DY Chandrachud that Sebi had changed the definition of "opaque structure" and "related party transactions" in its regulatory framework.