US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The Securities and Exchange Board of India, in its 46-page show cause notice …
In a recent twist of events, the Securities and Exchange Board of India’s notice to Hindenburg Research revealed significant details about how the Adani Group was targeted. Hindenburg’s response to SEBI has disclosed that Hindenburg and Kingdon Capital partnered to orchestrate a strategic move against Adani Group and benefitted from short-selling Adani stocks. Offshore fund and investment manoeuvres The focal …
India’s securities regulator has alleged Hindenburg colluded with another entity to help it short Adani Group. Hindenburg Research has denied allegations by India’s securities regulator that it colluded with a United States asset manager to use nonpublic information to set up a short bet against Adani Group last year, which if proven would breach the country’s rules. “It was a …
