Key Points
The Sebi investigation into the Adani vs Hindenburg saga has found that some entities profited from the massive rout in stocks of billionaire Gautam Adani's companies, while retail investors suffered a loss of Rs 3,700 crore..
NEW DELHI: Markets regulator Sebi's investigation into the Adani vs Hindenburg saga has found out that some entities ended up profiting from the massive rout in stocks of billionaire Gautam Adani's companies...
"Sebi has also found that some entities have taken short positons prior to the publication of the Hindenburg report and have profited from squaring off their positions after the price crashed upon publication of the report," a Supreme Court-appointed panel said in its report which was made public on Friday...
"Suffice it to say, it would not be possible to return a finding of regulatory failure on this count since SEBI has an active and working surveillance framework to take notice of high price and volume movements and has applied itself to the data generated by such surveillance, applying objective criteria, to consider if the integrity of the natural price discovery process has been manipulated," the report said...
"While they may not have returned to the pre-January 24, 2023 levels, they are stable at the newly re-priced level," the committee chaired by retired judge Justice AM Sapre said.. Based on the evidences and data available so far, the panel has said it cannot conclude whether there has been any regulatory failure on the part of Sebi...
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