US-based short seller Hindenburg Research stated that it was issued a "show cause" notice by the Securities and Exchange Board of India (Sebi) on...
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The admission came in response to a show cause notice issued by markets regulator Sebi to Hindenburg.
US-based short seller Hindenburg Research stated that it was issued a "show cause" notice by the Securities and Exchange Board of India (Sebi) on...
Last year, Hindenburg Research had accused the Adani Group of improper use of tax havens and flagged concerns about debt levels.
The New York-based firm, in a statement, said it had while putting out the report that alleged "brazen stock manipulation and accounting fraud scheme...
Hindenburg said that the show cause notice was “an attempt to silence and intimidate those who expose corruption."
India's securities regulator has alleged Hindenburg colluded with another entity to help it short Adani Group.
Hindenburg Research has criticized the Securities and Exchange Board of India (Sebi) for not addressing alleged fraud in its report on the Adani...
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