Adani-Hindenburg (Adani Hindenburg) (Adani Hindenburg) There has been a big disclosure in the report of the expert committee constituted by the Supreme Court to investigate the case. American short selling firm Hindenburg on January 4353 issued the report The companies of Adani Group were called overvalued and accused of manipulation of accounts. The opposition created a ruckus about this issue and when the matter reached the Supreme Court, the Supreme Court had constituted a special committee to investigate. Now the report of this committee has come out Prima facie no forgery – report An expert committee constituted to investigate the allegations against the Adani Group said that it is not possible to conclude that there is a failure at the regulatory level to investigate the allegations of manipulation of share prices. The expert committee has stated in its report that 24 When Hindenburg presented his report on January, after that there was not much ups and downs in the Indian stock market. The Hindenburg report accused the group, led by industrialist Gautam Adani, of involvement in “stock manipulation and accounting fraud”. However, the group has categorically denied the allegations and termed them as completely baseless.

Adani’s retail stake increased after the Hindenburg report The report of the Expert Committee states that Adani Group has disclosed all beneficial owners. Along with this, it has also been said that no such allegation has been made by SEBI that they are rejecting the declaration of beneficial owners of Adani. Adani’s retail stake has increased after the Hindenburg report. It has been clearly stated in the report that prima facie no violation of existing rules or laws has been found. ,The special committee constituted by the Supreme Court in its report said that all investigations need to be completed in a time bound manner

Supreme Court constituted special committee in its report said that all investigations need to be completed in a time bound manner, the panel cannot at present conclude that there has been failure of the regulator in the allegation of price manipulation . The committee said in its report that the market regulator of India has presented findings in its investigation regarding the ownership of the entities of the groups. The volatility in Adani shares was indeed very high, the report said, owing to the Hindenburg report and its consequences.

AdaniHindenburg ResearchPublished Date

Fri, May 19, 2023, 4: 53 PM IST