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Searched Tag: hindenburg research
India's markets regulator, the Securities and Exchange Board of India (SEBI), has issued a show cause notice to Hindenburg Research, accusing the US firm of engaging in "unfair trade practices" in relation to its 2023 report on the Adani Group.

SEBI issues notice to Hindenburg over Adani report

July 2, 2024, 06:06 AM - 3 mins read

Hindenburg Research, which has publicly shared the notice on its website, described SEBI's actions as "nonsense" and an attempt to "silence and intimidate" those exposing corruption. The firm stated that it made approximately USD 4.1 million from its declared positions on Adani stocks, and criticized SEBI for not focusing its investigation on the evidence presented in the January 2023 report.

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Shares of Adani Enterprises Ltd, the flagship company of Gautam Adani’s group, have fully recovered the more than $30 billion in losses incurred after a short-seller report was released in early 2023.

Adani enterprises bounces back, gains $30 Billion

May 23, 2024, 11:50 PM - 2 mins read

The stock rebounded as the conglomerate reduced its debt and secured major projects, helping it bounce back after US-based Hindenburg Research accused the group of widespread corporate malfeasance and share-price manipulation in January 2023.

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