India's capital markets regulator, the Securities and Exchange Board of India (SEBI), has found several offshore investors of the Adani Group in violation of disclosure rules. These investors are now facing charges related to breaches of investment limits and disclosure violations. This follows a report by Hindenburg Research that highlighted potential improprieties involving Adani. In response, SEBI has asked these global funds to defend themselves against allegations of improper disclosures and potential market manipulation.
Corruption at India’s SEC: @HindenburgRes published report detailing improprieties at Adani The reports is open to the public and is meticulously researched So… India’s version of the SEC decides to go after Hindenberg for ‘failing to disclose’. The fact is Adani has the… https://t.co/IgiPqSfgnm
India’s capital markets regulator has asked a clutch of global funds that had invested in Adani stocks to defend themselves against allegations of improper disclosures and market manipulation, sources say https://t.co/JMaWl1KMbd
#LeadStoryonET | #Markets #regulator #Sebi finds #Adani offshore #investors in disclosure rules #violation https://t.co/fyciNep1nK
Indian regulator finds Adani offshore investors in disclosure rules violation, sources say https://t.co/SZU9Z0dXu1 https://t.co/W2OJQghPQf
#Adani group offshore investors face charges of disclosure violations and breach of investment limits https://t.co/vwOdbvmcnQ
#Sebi finds #Adani offshore #investors in disclosure rules violation: Report https://t.co/fyciNep1nK
#LeadStoryOnET | Once #Adani-heavy #FPIs want to settle an issue #Hindenburg exposed | https://t.co/7gEfFAYBHN https://t.co/yXMkSui42a