Adani-Hindenburg row: SEBI submits report, tells SC it has completed probe; check details
The Securities and Exchange Board of India has completed its probe into Adani Group companies. The market regulator told the Supreme Court that the investigation spurred by the explosive Hindenburg report had been concluded and action has been recommended in some cases for passing orders.
While the SEBI filing did not outline its findings, the regulatory body said it would “take appropriate action based on outcome of the investigations". According to a Reuters report quoting the document, SEBI is investigating 24 transactions involving the Adani group's listed companies.
Of these, findings in 22 were now final in nature. The court filing also outlined the steps taken by SEBI during the probe – including on related party transactions.
The apex court is scheduled to hear the case on August 29. (With inputs from agencies)
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