‘Who will guard the guards?’ jibes Congress at Hindenburg’s explosive report on SEBI; TMC asks ‘will ED file cases?’
7 months, 2 weeks ago

‘Who will guard the guards?’ jibes Congress at Hindenburg’s explosive report on SEBI; TMC asks ‘will ED file cases?’

Live Mint  

Hours after US short-seller Hindenburg Research levelled allegations against Sebi chairperson Madhabi Buch, the Congress on Saturday asked the Central government to immediately eliminate all conflicts of interest in the regulator's investigation of the Adani Group. Congress general secretary Jairam Ramesh, in an official statement, said the Sebi's “strange reluctance” to investigate the “Adani mega scam” has been long noted, not least by the Supreme Court's Expert Committee. He stated that Hindenburg Research's revelations on Saturday indicate that Buch and her husband invested in the same offshore funds based in Bermuda and Mauritius, where “Vinod Adani and his close associates, Chang Chung-Ling and Nasser Ali Shahban Ahli, had also invested money obtained from the over-invoicing of power equipment.” "The government must act immediately to eliminate all conflicts of interest in the SEBI investigation of Adani. What we hadn’t realized: the current SEBI Chairperson and her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda and Mauritius funds, found in the same complex nested structure, used by Vinod Adani,” the report said.

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History of this topic

'Prima Facie Evidence Of Regulatory Lapses' : Court Orders FIR Against Ex-SEBI Chief Madhabi Puri Buch & BSE Officials
3 weeks, 5 days ago

'Prima Facie Evidence Of Regulatory Lapses' : Court Orders FIR Against Ex-SEBI Chief Madhabi Puri Buch & BSE Officials

Live Law  

A Special Court in Mumbai on Saturday ordered the Anti-Corruption Bureau, Mumbai to register a FIR against former Securities and Exchange Board of India SEBI) chairperson - Madhabi Puri Buch and also three of its "whole time members" and the top brass of the Bombay Stock Exchange, Special Judge passed the order in an application under Section 156 Cr.P.C. Special …

Midnight surprise: Tuhin Kanta Pandey named new Sebi chairman
Trending News
1 month ago

Midnight surprise: Tuhin Kanta Pandey named new Sebi chairman

Deccan Chronicle  

New Delhi, Feb. 28: In a midnight order on Thursday, the government appointed the current finance secretary, Tuhin Kanta Pandey, 1987-batch IAS officer of Odisha cadre, as 11th chairman of the country's market regulator, Securities and Exchange Board of India for three years. Pandey's role as finance secretary mostly oversaw the divestment department in the finance ministry and he became …

US SEC seeks Indian govt’s help in $250 million Adani bribery probe
1 month, 1 week ago

US SEC seeks Indian govt’s help in $250 million Adani bribery probe

Live Mint  

Bengaluru: The Securities and Exchange Commission has sought the Indian government’s assistance in the US market regulator’s investigation of billionaire Gautam Adani, his nephew Sagar and their role in allegedly paying more than $250 million in bribes to Indian government officials between 2020 and 2024 to obtain lucrative solar-energy contracts. “Defendants are located in India, and the SEC’s efforts to …

The Closure of Hindenburg Research – and the Legacy It Leaves Behind
2 months, 1 week ago

The Closure of Hindenburg Research – and the Legacy It Leaves Behind

The Quint  

First, while Hindenburg Research focused on firms based in many countries, the impact on those associated with emerging economies need to be evaluated. Responding to actions by the US authorities in November 2024, French oil firm TotalEnergies, a joint venture partner for the Adani Group, announced that it was not going to make fresh investments in its join projects with …

Sebi settles adjudication proceedings against Paytm executives
2 months, 1 week ago

Sebi settles adjudication proceedings against Paytm executives

Live Mint  

Mumbai: Markets regulator Securities and Exchange Board of India has settled adjudication proceedings against several executives and independent directors of One97 Communications Ltd, the parent of fintech firm Paytm, for alleged violations of securities laws. The adjudication proceedings stemmed from concerns raised by Sebi in July 2023 regarding the actions of Amit Khera, Paytm’s then-compliance officer and company secretary, as …

‘Chasing rumours abroad risks critical alliances with key partners’: US Congressman slams Biden govt’s decision to investigate Adani
2 months, 2 weeks ago

‘Chasing rumours abroad risks critical alliances with key partners’: US Congressman slams Biden govt’s decision to investigate Adani

Op India  

A US Congressman has strongly opposed the outgoing Biden administration’s decision to investigate Indian business conglomerate Gautam Adani, stating that ‘selective prosecution’ over rumours abroad risks critical alliances with America’s key partners. Republican Congressman Lance Gooden penned a sharply worded letter to U.S. Attorney General Merrick B. Garland, criticizing the indictment of industrialist Gautam Adani and labelling it a “selective …

‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe
2 months, 2 weeks ago

‘If India refuses…’: US Congressman questions Biden admin on Gautam Adani probe

Hindustan Times  

Republican lawmaker Lance Gooden has slammed the Joe Biden administration for investigating Indian billionaire Gautam Adani, warning it could strain key alliances. Lance Gooden, in a letter to US attorney general Merrick B Garland, questioned, “What will the US do if India refuses an extradition request?” The Congressman has sought answers on the justice department's ‘selective actions’ against foreign entities, …

Adani Group seeks SEBI settlement for shareholding violation charges to avoid regulatory action: Report
3 months, 3 weeks ago

Adani Group seeks SEBI settlement for shareholding violation charges to avoid regulatory action: Report

Live Mint  

Billionaire Gautam Adani-led group has reportedly approached the capital markets regulator Securities and Exchange Board of India, seeking to settle a case in which Adani Group was accused of violating public shareholding regulations. According to the report, the ports-to-power conglomerate's minimum public shareholding requirement violations date back to 2020, and the regulator sought to recover about ₹2,500 crore from the …

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?
3 months, 4 weeks ago

Adani Group Faces Global Scrutiny While SEBI Stands Silent: What’s at Stake?

The Hindu  

Published : Nov 29, 2024 14:23 IST - 8 MINS READ In a proverbial “when it rains, it pours” moment, the Adani Group is having a rather disastrous close to the year. French oil major TotalEnergies won’t make any more investments in the Adani Group, saying it was not informed of the US bribery charges against Gautam Adani. An ally …

Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire’s firms
4 months ago

Adani fraud allegations rock Indian Parliament as opposition demands probe into billionaire’s firms

Associated Press  

NEW DELHI — India’s Parliament was disrupted for a third day Thursday by opposition parties protesting the government’s silence over allegations against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and a scheme to pay bribes. In the absence of a statement by the Indian government, Amit Malviya, the governing Bharatiya Janata Party’s IT head, …

Onus is on ED, CBI, SEBI to probe US charges on Gautam Adani: Jairam Ramesh
4 months ago

Onus is on ED, CBI, SEBI to probe US charges on Gautam Adani: Jairam Ramesh

Hindustan Times  

The Congress on Wednesday reiterated its demand for a probe into the alleged irregularities by industrialist Gautam Adani and his nephew Sagar following a criminal indictment and civil complaint by US prosecutors and regulators. Calling the clarification by Adani Green Energy, a subsidiary of the Adani Group, as nothing but “damage control through denial”, Congress general secretary Jairam Ramesh said …

US bribery case against Adani reaches Supreme Court, Sebi in the dock
4 months ago

US bribery case against Adani reaches Supreme Court, Sebi in the dock

India Today  

A fresh application was filed before the Supreme Court on Sunday urging it to take on record the charges of bribery and fraud brought against billionaire Gautam Adani and his seven associates by US authorities. The petition, filed by Vishal Tiwari, alleges shortcomings in the Securities and Exchange Board of India’s investigation into Hindenburg Research's allegations against the Adani Group …

Sebi investigating if Adani group flouted disclosure rules
4 months ago

Sebi investigating if Adani group flouted disclosure rules

Live Mint  

India’s capital markets regulator is looking into whether the Adani group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter. The Securities and Exchange Board of India has asked officials at the stock exchanges if Adani Green Energy Ltd failed to properly disclose the US Justice Department’s investigation into bribery allegations, the people …

Déjà vu moment for Adani Group after Hindenburg allegations
4 months, 1 week ago

Déjà vu moment for Adani Group after Hindenburg allegations

Deccan Chronicle  

CHENNAI: The indictment by the Securities Exchange Commission and the group’s loss in market capitalisation is a moment of déjà vu for Adani Group after the Hindenburg reports of 2023. In its January 2023 report, Hindenburg Research accused the Adani Group of engaging in extensive accounting fraud, stock price manipulation, and exploiting tax havens. Hindenburg in August this year further …

Vindicates demand for JPC probe: Congress on US indicting Adani over alleged bribery, fraud
4 months, 1 week ago

Vindicates demand for JPC probe: Congress on US indicting Adani over alleged bribery, fraud

New Indian Express  

NEW DELHI: With billionaire Gautam Adani charged in the US with alleged bribery and fraud, the Congress on Thursday said it "vindicates" its demand for a Joint Parliamentary Committee investigation into the various "scams" involving his conglomerate. Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay over USD 250 million bribe to …

Adani group's legal turmoil: A cautionary tale for global investors
4 months, 1 week ago

Adani group's legal turmoil: A cautionary tale for global investors

India Today  

The Adani Group, a conglomerate at the forefront of India’s infrastructure and energy sectors, is currently engulfed in a significant legal and financial controversy that has reverberated across global markets. This legal setback has not only tarnished Adani's reputation but has also triggered a substantial decline in the stock prices of several key companies within the group. For instance, Adani …

Mahindra's clarification on Congress' charges of Sebi chief earning through them: ‘False and misleading’
6 months, 2 weeks ago

Mahindra's clarification on Congress' charges of Sebi chief earning through them: ‘False and misleading’

Hindustan Times  

Mahindra responded to Congress allegations on Madhabi Puri Buch earning through them after the opposition party said that the Sebi chief earned money via companies including Mahindra and Mahindra Limited, Dr. Reddy’s, Pidilite, ICICI, Sembcorp and Visu Leasing & Finance and made 2.75 crores during her tenure as the chief of India's top securities exchange entity. Mahindra Group clarified that …

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?
7 months, 1 week ago

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?

The Hindu  

Published : Aug 16, 2024 20:42 IST - 8 MINS READ When the Satyam scam came to light in January 2009, it was a bolt from the blue for India’s stock market. The report accuses Buch of investing in an offshore Mauritius fund that’s part of the very fund structure being probed by SEBI for its fund flows into Adani …

Mauritius FSC reacts to Hindenburg Research's offshore funds allegations against SEBI chief Madhabi Puri Buch
7 months, 2 weeks ago

Mauritius FSC reacts to Hindenburg Research's offshore funds allegations against SEBI chief Madhabi Puri Buch

Hindustan Times  

The Financial Services Commission of Mauritius on Tuesday denied the offshore fund allegations against Securities and Exchange Board of India chief Madhabi Puri Buch in the new Hindenburg Research report, saying that the funds are “not domiciled” in the island nation. Madhabi Puri Buch, SEBI chief “The report of Hindenburg has further cited 'IPE Plus Fund' is a small offshore …

​Step down: On upholding the integrity of SEBI
7 months, 2 weeks ago

​Step down: On upholding the integrity of SEBI

The Hindu  

Not since the Harshad Mehta scam of 1992 has India’s securities regulations and oversight come under such scrutiny. However, the accusations of a conflict of interest levelled by New York-based short-seller Hindenburg Research against SEBI chairperson Madhabi Puri Buch in the conduct of the ongoing investigations against the Adani Group, the Ahmedabad-based global infrastructure to FMCG major, for alleged stock …

Hindenburg Research: Mauritius’ Financial Services Commission says fund at heart of charge against SEBI chief not domiciled in Mauritius
7 months, 2 weeks ago

Hindenburg Research: Mauritius’ Financial Services Commission says fund at heart of charge against SEBI chief not domiciled in Mauritius

The Hindu  

Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against SEBI chief Madhabi Puri Buch is not domiciled in the island nation, and that it does not permit creation of shell companies. “The report of Hindenburg has further cited ‘IPE Plus Fund’ is a small offshore …

Madhu Kela's advice for stock market investors on 'conspiracy' Hindenburg report: Don't worry or be nervous
7 months, 2 weeks ago

Madhu Kela's advice for stock market investors on 'conspiracy' Hindenburg report: Don't worry or be nervous

Hindustan Times  

Market veteran Madhusudhan Kela criticised US short seller Hindenburg's allegations against Sebi chief Madhabi Puri Buch and her husband saying that the report is part of a broader 'conspiracy' aimed at undermining India's reputation. Reflecting on the January 2023 report which caused a significant sell-off in Adani Group stocks and the stock market, Madhu Kela said that he is confident …

Hindenburg doubles down: Sebi chief Madhabi Buch's response now confirms...
7 months, 2 weeks ago

Hindenburg doubles down: Sebi chief Madhabi Buch's response now confirms...

India Today  

Hindenburg Research escalated its feud with India’s stock market regulator Sebi and its chief, Madhabi Puri Buch, alleging conflicts of interest and fresh instances of financial impropriety tied to the Adani Group. The US short-seller's fresh salvo soon after Sebi and Buch and her husband vehemently denied allegations of leniency towards business tycoon Gautam Adani and his group of companies. …

Adani Group rocked by Hindenburg allegations against SEBI
7 months, 2 weeks ago

Adani Group rocked by Hindenburg allegations against SEBI

Al Jazeera  

Adani Group’s stock value plunged by nearly $150bn after Hindenburg Research’s first report in January 2023. Adani Group, the Indian conglomerate rocked by a Hindenburg Research report last year, has faced another heavy share selloff after the short seller accused the head of India’s market regulator of having links to offshore funds also used by the group. Buch said the …

SEBI chairperson Madhabi Puri Buch and her husband deny latest Hindenburg charges
7 months, 2 weeks ago

SEBI chairperson Madhabi Puri Buch and her husband deny latest Hindenburg charges

Op India  

A day after US-based short seller Hindenburg Research alleged that SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in “both the obscure offshore entities used in the Adani money siphoning scandal,” the SEBI Chairperson and her husband issued a detailed statement rejecting the allegations. Insinuations about their net worth and investments referencing Madhabi’s current government salary …

Government must eliminate conflicts of interest in SEBI's Adani probe: Congress
7 months, 2 weeks ago

Government must eliminate conflicts of interest in SEBI's Adani probe: Congress

The Hindu  

In the wake of U.S. short-seller Hindenburg Research's allegations against SEBI chairperson Madhabi Buch, the Congress said on Sunday that the Government must act immediately to eliminate all conflicts of interest in the regulator's investigation of the Adani Group and reiterated its demand for a joint parliamentary committee probe into the matter. Congress president Mallikarjun Kharge said SEBI had previously …

Explained: Hindenburg Research desperately tried to link SEBI chief Madhabi Buch to Adani Group but failed
7 months, 2 weeks ago

Explained: Hindenburg Research desperately tried to link SEBI chief Madhabi Buch to Adani Group but failed

Op India  

On Saturday, controversial ‘Hindenburg Research’ published a report targeting Securities and Exchange Board of India chief Madhabi Buch. ‘Hindenburg Research’ alleged that SEBI chief Madhabi Buch and her husband Dhaval Buch had stakes in an ‘obscure’ offshore entity linked to Vinod Adani, the brother of Indian businessman Gautam Adani. NEW FROM US: Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In …

Hindenburg Research report: SEBI chief, spouse issue detailed statement
7 months, 2 weeks ago

Hindenburg Research report: SEBI chief, spouse issue detailed statement

Hindustan Times  

Hindenburg Research Report highlights: US-based Hindenburg Research alleged in a new report on Saturday that SEBI chairperson Madhabi Buch and her husband held hidden stakes in the same obscure offshore funds in Bermuda and Mauritius, which were used by Vinod Adani. However, Opposition party Congress has called on Centre to "act immediately to eliminate all conflicts of interest in SEBI's …

Sebi chief Madhabi Buch’s first reaction to new Hindenburg report: ‘Character assassination'
7 months, 2 weeks ago

Sebi chief Madhabi Buch’s first reaction to new Hindenburg report: ‘Character assassination'

Hindustan Times  

Reacting to the US-based short-seller Hindenburg Research's allegation that they have stakes in an offshore operation run by the Adani Group, Sebi chairperson Madhabi Buch and her husband accused the American firm of attempting to assassinate their character in response to an "Enforcement action" against it by the market regulator. "It is unfortunate that Hindenburg Research against whom SEBI has …

Sebi chief Madhabi Buch’s first reaction to new Hindenburg report: ‘Character assassination'
7 months, 2 weeks ago

Sebi chief Madhabi Buch’s first reaction to new Hindenburg report: ‘Character assassination'

Hindustan Times  

Reacting to the US-based short-seller Hindenburg Research's allegation that they have stakes in an offshore operation run by the Adani Group, Sebi chairperson Madhabi Buch and her husband accused the American firm of attempting to assassinate their character in response to an "Enforcement action" against it by the market regulator. "It is unfortunate that Hindenburg Research against whom SEBI has …

Explained: What is Hindenburg, the firm which levelled allegations against Adani, Sebi chief?
7 months, 2 weeks ago

Explained: What is Hindenburg, the firm which levelled allegations against Adani, Sebi chief?

Hindustan Times  

Hindenburg Research on Saturday released a report that alleged the Securities and Exchange Board of India did not act on claims it made in its 2023 report against the Adani Group because the market regulator's chief, Madhabi Puri Buch, had investments in offshore firms linked to the conglomerate. Hindenburg Research in a new report released on Saturday alleged that SEBI …

Hindenburg-Adani saga: Who is Madhabi Puri Buch? Who is Dhaval Buch?
7 months, 2 weeks ago

Hindenburg-Adani saga: Who is Madhabi Puri Buch? Who is Dhaval Buch?

Hindustan Times  

US-based firm Hindenburg Research alleged on Saturday that Sebi chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in offshore entities involved in the Adani money siphoning scandal. Sebi chairperson Madhabi Puri Buch and her husband Dhaval Buch According to Hindenburg, based on whistleblower documents and other investigations, Madhabi and Dhaval Buch opened an account with IPE Plus …

'Baseless Allegations': Sebi Chief Madhabi Buch, Husband 'Strongly' Deny Hindenburg Report
7 months, 2 weeks ago

'Baseless Allegations': Sebi Chief Madhabi Buch, Husband 'Strongly' Deny Hindenburg Report

ABP News  

Securities Exchange Board of India chairperson Madhabi Puri Buch and her husband Dhaval Buch denied allegations levelled by US short-seller Hindenburg Research, of having stakes in offshore funds linked to the Adani Group's alleged money siphoning scandal. "In the context of allegations made in the Hindenburg Report dated August 10, 2024, against us, we would like to state that we …

Hindenburg vs Adani: US firm's serious charge against Sebi chief; Congress says end ‘conflict of interest’ | 10 points
7 months, 2 weeks ago

Hindenburg vs Adani: US firm's serious charge against Sebi chief; Congress says end ‘conflict of interest’ | 10 points

Hindustan Times  

US short-seller Hindenburg Research – which had wiped out much of Adani Group's net worth with its allegations of financial irregularities last year – on Saturday claimed in a blog that market regulator Sebi's chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in “obscure offshore funds” used in the Adani scandal. The American firm accused the market …

Sebi issues clarification on Hindenburg charge linked to Madhabi Buch's husband
7 months, 2 weeks ago

Sebi issues clarification on Hindenburg charge linked to Madhabi Buch's husband

India Today  

The Securities and Exchange Board of India on Sunday, in a detailed statement, rejected Hindenburg Research's allegations that Sebi's changes to the Real Estate Investment Trust rules benefited a multinational company where Sebi Chairperson Madhabi Buch's husband Dhaval Buch was employed. The US short-seller firm Hindenburg Research, on Saturday, alleged that during Madhabi Buch’s tenure as a whole-time member at …

SEBI chief, husband deny allegations in Hindenburg report: 'Our finances are an open book'
7 months, 2 weeks ago

SEBI chief, husband deny allegations in Hindenburg report: 'Our finances are an open book'

Hindustan Times  

Securities and Exchange Board of India chairperson Madhabi Puri Buch and her husband Dhaval Buch have denied allegations against them by short-seller Hindenburg Research in its latest report, PTI reported. Hindenburg Research, a US-based investment research firm, has alleged that Madhabi Puri Buch and Dhaval Buch owned stakes in offshore entities linked to the Adani Group's alleged financial misconduct. What …

Hindenburg report: Cong urges Centre to remove ‘all conflict of interest’ in Adani probe
7 months, 2 weeks ago

Hindenburg report: Cong urges Centre to remove ‘all conflict of interest’ in Adani probe

Hindustan Times  

The Congress on Saturday reacted to the new report by Hindenburg Research, which alleged Securities and Exchange Board of India chief Madhabi Buch and her husband owned stakes in offshore entities linked to the Adani Group's alleged financial misconduct. In a statement, Congress general secretary Jairam Ramesh said that SEBI's “strange reluctance” to investigate the “Adani MegaScam” has been noted …

Hindenburg-Adani Case: Who is Dhaval Buch, mentioned with SEBI chairperson in US short-seller's investigative report?
7 months, 2 weeks ago

Hindenburg-Adani Case: Who is Dhaval Buch, mentioned with SEBI chairperson in US short-seller's investigative report?

Live Mint  

Hindenburg-Adani Case: Hindenburg Research alleges that SEBI Chairperson's husband, Dhaval Buch, had hidden investments in offshore funds tied to Adani. Hindenburg-Adani case: US short seller firm Hindenburg research has in their latest report alleged that “SEBI Chairperson has bought stakes in obscure offshore entities used in Adani money siphoning scandal". The Hindenburg report alleges, “The current SEBI Chairperson and her …

Hindenburg Report Brings Sensational Allegations Against SEBI Chief And Indian Conglomerate
7 months, 2 weeks ago

Hindenburg Report Brings Sensational Allegations Against SEBI Chief And Indian Conglomerate

ABP News  

US-based short-seller Hindenburg Research, in a new report released on Saturday, alleged that the current Chairperson of the Securities and Exchange Board of India, Madhabi Buch, and her husband Dhaval Buch had stakes in offshore funds linked to the Adani Group's alleged money siphoning scandal. NEW FROM US: Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used …

New Hindenburg report: SEBI chief Madhabi Buch, husband owned stakes in offshore entities linked to Adani Group
7 months, 2 weeks ago

New Hindenburg report: SEBI chief Madhabi Buch, husband owned stakes in offshore entities linked to Adani Group

Hindustan Times  

Citing whistleblower documents, a new report by Hindenburg Research said Madhabi Buch, chairperson of market regulator Securities and Exchange Board of India, and her husband owned stakes in offshore entities linked to the Adani Group's alleged financial misconduct. Hindenburg Research in a new report released on Saturday alleged that SEBI chief Madhabi Puri Buch held investments in certain offshore funds …

SEBI Issues 'Show Cause' Notice To Hindenburg Research For Report On Adani Group, Short-Seller Responds
8 months, 3 weeks ago

SEBI Issues 'Show Cause' Notice To Hindenburg Research For Report On Adani Group, Short-Seller Responds

ABP News  

Hindenburg Research informed on Tuesday that it received a ‘show cause’ notice from the Securities and Exchange Board of India on June 27, 2024. Hindenburg's Response Sharing the 46-page notice in detail, Hindenburg said, “Today we are sharing the entirety of this notice, frankly because we think it is nonsense, concocted to serve a pre-ordained purpose: an attempt to silence …

Adani Group case: Hindenburg Research gets show cause notice from SEBI, US firm terms it 'nonsense'
8 months, 3 weeks ago

Adani Group case: Hindenburg Research gets show cause notice from SEBI, US firm terms it 'nonsense'

India TV News  

Adani-Hindenburg row: Hindenburg Research, the US-based short-seller, said it received a show-cause notice from India’s capital market regulator Securities and Exchange Board of India in the Adani Group case. The US firm said the show cause notice does resolve some questions: "Did Hindenburg work with dozens of firms to short Adani, making hundreds of millions of dollars? Adani-Hindenburg row Hindenburg …

Seven Adani group firms say received SEBI show cause notices
10 months, 3 weeks ago

Seven Adani group firms say received SEBI show cause notices

The Hindu  

May 03, 2024 06:54 pm | Updated 10:03 pm IST - New Delhi Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While …

SEBI said to find Adani offshore investors in violation of disclosure rules
11 months ago

SEBI said to find Adani offshore investors in violation of disclosure rules

The Hindu  

India's markets regulator found a dozen offshore funds invested in Adani Group companies were in violation of disclosure rules and in breach of investment limits, two people with direct knowledge of the matter said on April 22. Reuters had first reported that the SEBI uncovered the violation of rules on disclosures by listed entities and limits on the holdings of …

Sebi finds Adani offshore investors in disclosure rules violation: Report
11 months ago

Sebi finds Adani offshore investors in disclosure rules violation: Report

Hindustan Times  

India's markets regulator found a dozen offshore funds invested in Adani group companies were in violation of disclosure rules and in breach of investment limits, two people with direct knowledge of the matter said on Monday. Reuters had first reported that SEBI has uncovered violation of rules on disclosures by listed entities and limits on the holdings of offshore funds …

SEBI should not become another SBI, 'too scared to touch the sacred': Congress
11 months, 3 weeks ago

SEBI should not become another SBI, 'too scared to touch the sacred': Congress

The Hindu  

The Congress on April 3 hoped that the Securities and Exchange Board of India, tasked with probing charges of alleged stock manipulation by the Adani Group, would not seek further extension for presenting its report in the Supreme Court to push the deadline past the election date. Congress general secretary Jairam Ramesh said the SEBI should not become another State …

Stocks to watch on March 19: TCS, Adani Group, Poonawalla Fincorp, IRCTC and more
1 year ago

Stocks to watch on March 19: TCS, Adani Group, Poonawalla Fincorp, IRCTC and more

Hindustan Times  

Stocks to watch on March 19: TCS will be a stock to watch out for today as Tata Sons, the holding company of Tata Group, is set to sell 2.34 crore shares of the company at ₹4,001 per share with the aim to raise approximately ₹9,362 crore. The Adani Group called the report “false.” Adani companies haven’t received “any notice …

Respecting SEBI’s mandate, expertise, functional freedom
1 year, 2 months ago

Respecting SEBI’s mandate, expertise, functional freedom

Hindustan Times  

On January 3, the Supreme Court disposed of four writ petitions filed in the wake of two reports that raised multiple allegations against the Adani group of companies. The first principle is reproduced below: “Courts do not and cannot act as appellate authorities examining the correctness, suitability, and appropriateness of a policy, nor are courts advisors to expert regulatory agencies …

Adani verdict: Onus now on Sebi to reinforce investor confidence
1 year, 2 months ago

Adani verdict: Onus now on Sebi to reinforce investor confidence

Live Mint  

The Supreme Court pulled no surprises in dismissing a bunch of petitions calling for an independent investigation by a team reporting either directly to it or to the Central Bureau of Investigation into Hindenburg Research’s explosive report on the Adani Group. Hindenburg’s report, as well as follow-up reports by the Organised Crime and Corruption Reporting project, levied serious charges of …

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