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ED, Sebi probing the role of six short sellers in Adani group stocks

Hindenburg had taken position on Adani overseas listed securities

Probe, Fraud, Investigation
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Illustration: Binay Sinha

Dev Chatterjee Mumbai

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A Supreme Court-appointed committee has said market regulator Sebi and the Enforcement Directorate have found evidence of short selling and profiting following the Hindenburg Research report publication on January 24 and are investigating the role of six entities which indulged in short selling.

“The Enforcement Directorate has found intelligence about potentially violative and concerted selling by specific parties just ahead of the publication of the Hindenburg Report, and this may have led to credible charges of concerted destabilisation of the Indian markets. Sebi ought to be probing such actions under securities laws,” the report said.

The report said Sebi found

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First Published: May 19 2023 | 5:27 PM IST

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