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Supreme Court: No need to further probe Hindenburg-Adani charges
Credit: IndiaTimes- Published on January 3, 2024
The year-long controversy over Adani group stocks, triggered by short-seller Hindenburg Research’s allegation of stock manipulations, ended with a whimper on Wednesday as the Supreme Court rejected pleas for an SIT or CBI probe, approved market regulator Sebi’s investigation and ordered central agencies to probe...
Video credit: Oneindia
Published on January 3, 2024 - 02:06
Hindenburg-Adani Case Supreme Court Denies S.I.T| Says SEBI Probe to Continue|Oneindia News
The Supreme Court ruled against an SIT, upholding Sebi's ongoing investigations into Adani Group in three months. It dismissed transfer requests, endorsed FPI and LoDR norms, and rejected conflict claims in expert panels. The verdict eased market pressure, causing Adani Enterprises' shares to rise initially by 2%.
#Adani #Adanigroup #Supremecourt #Hindenburgreport #Hindenburgadani #Stockmarket #Oneindia #Oneindianews
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Adani Group
Indian multinational conglomerate
Supreme Court of the United States
Highest court of jurisdiction in the US
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Dhananjaya Y. Chandrachud
Chief Justice of India from 2022 to 2024
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