Sebi concludes 22 probes in Adani-Hindenburg matter

The Securities and Exchange Board of India (Sebi) has concluded all barring two of its investigations into the allegations made by US-based short-seller Hindenburg Research against Gujarat-based conglomerate Adani Group, the market regulator submitted in its status report to the Supreme Court on Friday.

- KHUSHBOO TIWARI

Sebi has said 22 of the 24 investigations had been completed. The two remaining are at an interim stage.

The investigations are into the possible violations of minimum public shareholding (MPS) norms, takeover regulations, related-party transactions (RPT), manipulation in stock prices, and insider trading.

However, Sebi has not commented on any violation or otherwise.

The regulator has given details such as the number of emails sent, documents examined, personal hearing, and trades analysed.

In a status report submitted on August 14, Sebi had completed 17 investigations and had sought an extension of 15 days to complete the ones in process.