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Supreme Court: No need to further probe Hindenburg-Adani charges

IndiaTimes Wednesday, 3 January 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 Hindenburg’s role in causing loss to Indian investors. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, in a 46-page judgment, disposed of all the PILs on finding that there was no merit in the allegations relating to regulatory failure of Sebi
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Video Credit: Oneindia - Published
News video: Hindenburg-Adani Case Supreme Court Denies S.I.T| Says SEBI Probe to Continue|Oneindia News

Hindenburg-Adani Case Supreme Court Denies S.I.T| Says SEBI Probe to Continue|Oneindia News 02:06

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...

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