SEBI Slaps Show Cause Notice on Hindenburg Research Agency
The Securities and Exchange Board of India (SEBI) has issued a show cause notice to Hindenburg Research, a US-based research agency, for allegedly violating norms while betting on Adani stocks. This move raises concerns about foreign firms in Indian capital markets.
Tue, 02 Jul 2024
In a significant development, the Securities and Exchange Board of India (SEBI) has issued a 46-page show cause notice to Hindenburg Research, a US-based research agency. The notice is in response to allegations of malicious reporting against Adani Group by Hindenburg.
This move raises serious concerns about the role of foreign firms in Indian capital markets.
BIG BREAKING NEWS 🚨 SEBI slaps 46-page show cause notice on Hindenburg.
— Times Algebra (@TimesAlgebraIND) July 2, 2024
Hindenburg had published malicious report on Adani Group. Hindenburg got exposed.
US firm Hindenburg termed the show cause notice as “nonsense”
How can any foreign firm abuse SEBI? Extremely serious… pic.twitter.com/bWJJMyIxkd
According to reports, Hindenburg had published a report highlighting alleged irregularities in Adani Group's dealings. However, the company has now been slapped with a show cause notice for allegedly violating norms while betting on Adani stocks.
The development is being closely watched by market observers and investors alike, as the Indian capital markets continue to grapple with issues of foreign influence and regulatory oversight.
Published by Chronicles Of India. Scroll down to read more
