Hindenburg Research, a U.S. short-seller, has received a 'show cause' letter from the Securities and Exchange Board of India (SEBI). The letter follows Hindenburg's report on Adani Enterprises, which was released in January 2023. The report alleged regulatory violations and suggested that SEBI had aided the Adani Group.
Hindenburg dunking hard on SEBI, the SEC of India. Spoiler alert: SEBI appears to be just as inept as the SEC. https://t.co/Q2oQIiV6hN
#HindenburgResearch receives a "show cause" notice from #Sebi for suspected regulatory violations, alleging the regulator aided #AdaniGroup after the January 2023 report. @1997_raghav reports the details https://t.co/LyUDrAqKqc
Hindenburg gets letter from Indian regulator about Adani short bet https://t.co/OcUXSYqmol https://t.co/g4k2BRukf2
Hindenburg receives 'show cause' letter from Indian markets regulator https://t.co/9yA5yb9URo https://t.co/HeITeuInMi
🔵 HINDENBURG RECEIVES 'SHOW CAUSE' LETTER FROM INDIAN MARKETS REGULATOR Hindenburg Research said on Monday it received a "show cause" letter from market regulator Securities and Exchanges Board of India after the U.S. short-seller put out a report on Adani Enterprises last… https://t.co/PSOu6Aqs81