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An 18-month battle between Hindenburg Research and India's Adani Group has taken a fresh turn, with the US-based short-seller now alleging that the chief of the Securities and Exchange Board of India (Sebi) has a conflict of interest in the matter. The country's market regulator has been investigating the group following Hindenburg Research's report.
Party to call for JPC probe; demand a sham to destabilise economy, counters BJP
The episode has raised two issues that must be addressed - first, of stock manipulation and violation of public shareholding norms via offshore funds, and second, disclosure norms for decision makers
Updated On : 13 Aug 2024 | 11:45 PM ISTAssociation has commended Sebi and its leadership for crafting a "rigorous regulatory environment" that includes comprehensive periodic reporting requirements, mandatory independent valuations
Updated On : 12 Aug 2024 | 5:05 PM ISTHindenburg Research was founded in 2017 by Nathan Anderson
Updated On : 12 Aug 2024 | 1:52 PM ISTIndia’s market regulator SEBI has dismissed allegations made by US-based short seller Hindenburg Research against the Adani Group.
Adani Group stocks added Rs 1.16 trillion in market value, the sharpest rise since November 2024, after Sebi dismissed key Hindenburg allegations against the conglomerate
Adani Group demands accountability after SEBI cleared it of Hindenburg's charges that triggered a $150 billion market loss and rattled investor confidence in 2023
Sources said regulator still examining charges related to possible violations of MPS, insider trading norms
While there's nothing to indicate whether the conglomerate will face any fines or regulatory censure on pending matters, it means that there'll likely be more Sebi orders on the Adani Group
This regulatory clean chit removes a significant overhang and is likely to bolster institutional investor confidence in Adani Ports, ICICI Securities said
Sebi closed proceedings against the Adani group, Gautam Adani and associates, dismissing Hindenburg's charges of fund diversion, RPT violations and fraud raised in 2023
In 2023, Hindenburg published a scathing report accusing the Adani Group of stock manipulation, improper use of offshore tax havens, and inflated valuations
Successful traders who use WSB and publicly announce their positions along with the rationale have inspired millions of followers who enthusiastically mirror their trades
In a major development, the high-profile case involving serious allegations against former Sebi chief Madhabi Puri Buch.
Complaints against Madhabi Puri Buch in the Adani-Hindenburg matter were dismissed by the Lokpal for lacking evidence and being based on presumptions and assumptions
Lokpal has dismissed complaints against former Sebi chief Madhabi Puri Buch, calling the Hindenburg-linked allegations speculative, unsubstantiated, and lacking any verifiable evidence
Gautam Adani's official representatives have met with US President Donald Trump's administration officials to end US bribery cases, reports said.
An article from news agency Press Trust of India earlier this month had cited unnamed sources claiming that Adani collaborated with agents from Israel's intelligence agency Mossad in an international
Hindenburg Research, the forensic financial firm that challenged the Adani Group, took its name from the infamous airship that burst into flames upon arriving in New Jersey in 1937. And the counter to its damning report against the conglomerate was dubbed 'Operation Zeppelin,' named after the German dirigible airships used for reconnaissance and bombing during the First World War. In January 2023, Hindenburg published a scathing report describing the Adani Group, one of India's largest conglomerates, led by one of its richest men, as "the largest con in corporate history". The fallout was swift: stock prices plummeted, wiping out over USD 150 billion in market value at the lowest point, and the group's biggest public offering was abruptly scrapped. For a moment, it seemed like Gautam Adani's empire was on the brink. But that impression didn't last long. The group staged a swift comeback, deploying a mix of public relations, legal maneuvers, and strategic tactics to counter the fallo
Trailblazing & troubled: Hers has been a tenure defined by reforms, rocked by allegations
The ability for Adani to secure new debt demonstrates that it is recovering from a fallout after the US indicted Gautam Adani over a bribery plot in November
Founded in 2017, Hindenburg Research made money by placing bets against companies it investigated, profiting from their stock price declines after exposing fraud and corporate abuses
US short-seller Hindenburg Research has said it is not under investigation by the US SEC as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies. "Hindenburg is not under investigation by the SEC, to our knowledge, and any suggestion to the contrary is false," the firm said after a Canadian portal cited documents filed before a court in Ontario to allege that its founder Nate Anderson was under cloud for alleged links with hedge funds. Citing a cache of documents filed at the Ontario Superior Court of Justice in a complex defamation lawsuit, the Market Frauds portal said the head of Canada's Anson hedge fund, Moez Kassam admitted his firm has shared research "with a wide variety of sources" including Hindenburg's Nate Anderson. Hindenburg colluded with Anson while preparing a report. The preparation of bearish reports without disclosure of participation can be charged as securities fraud by the US Securities and Exchange Commission ...
Nate Anderson, 'activist' short-seller who has announced shutting down of his almost eight years old research firm Hindenburg, is under cloud for alleged links with hedge funds in preparing reports targeting companies, a Canadian portal said citing documents filed before a court in Ontario. In a cache of documents filed at the Ontario Superior Court of Justice in a complex defamation lawsuit, the head of Canada's Anson hedge fund, Moez Kassam said his firm has shared research "with a wide variety of sources" including Hindenburg's Nate Anderson. The Market Frauds portal said that court documents allegedly revealed that Hindenburg colluded with Anson while preparing a report. The preparation of bearish reports without disclosure of participation can be charged as securities fraud by the US Securities and Exchange Commission (SEC). While short sellers borrow a security, sell it on the open market, and expect to repurchase it for less money after their damning report against the compan