Page 6 - Latest Updates on Hindenburg steps up for Adani round two

Who is Dhaval Buch? Sebi chief's husband named in Hindenburg report

Dhaval Buch's association with PE major Blackstone not on real estate side, clarifies couple

Sebi vs Hindenburg: No relationship between Dhaval Buch, Blackstone's REITS

A decade ago, Sebi approved a long-pending proposal to introduce REITs in India, creating a new investment avenue for institutional investors, wealthy individuals, and eventually ordinary investors

Hindenburg row: Congress interested in anarchy, controversies, says Scindia

Union Communications Minister Jyotiraditya Scindia on Sunday accused the Congress of spreading anarchy and controversies over the Hindenburg Research's allegations against SEBI chairperson Madhabi Buch. A political firestorm erupted after the US short-seller alleged that it suspects SEBI's unwillingness to act against the Adani group may be because its head Madhabi Puri Buch had stakes in offshore funds linked to the conglomerate. "Congress's work is only to spread anarchy and entangle the country in controversial matters," said Scindia while responding to reporters' query on the Hindenburg Research report. The Guna MP said PM Narendra Modi and BJP workers are carrying the torch of development and progress, whereas the Congress has been trying to mislead the country and keep it in the dark for years. The SEBI has slammed Hindenburg Research's allegations as "baseless" while the Adani group said it never had any commercial relations with Buch. Madhabi Puri Buch and her husband Dhav

Hindenburg attacking Sebi's credibility, say Madhabi and Dhaval Buch

US-based short seller Hindenburg Research is attempting to attack Sebi's credibility and indulging in character assassination of its chairperson, Sebi chief Madhabi Puri Buch and her husband Dhaval said on Sunday. In a detailed statement issued on Sunday evening in response to allegations made by Hindenburg, the Buchs said their investment in a fund promoted by IIFL Wealth Management was as Singapore-based private citizens, and made two years before Madhabi joined Sebi as a whole-time member. They said Dhaval, a senior advisor at Blackstone since 2019, is not associated with the real estate side of the private equity major. The statement also said that Madhabi's two consulting companies immediately became "dormant" on her appointment at Sebi in 2017 as a whole-time member. "Hindenburg has been served a show cause notice for a variety of violations in India. It is unfortunate that instead of replying to the Show Cause Notice, they have chosen to attack the credibility of the SEBI an

TMC demands immediate suspension of Sebi chair Buch after Hindenburg report

The TMC on Sunday demanded that SEBI chairperson Madhabi Puri Buch should immediately be suspended in the wake of US short-seller Hindenburg Research's allegation that she and her husband had stakes in obscure offshore funds linked to Adani group. Hindenburg accused Buch and her husband of having undisclosed investments in obscure offshore funds in Bermuda and Mauritius, the same entities allegedly used by Vinod Adani - the elder brother of group chairman Gautam Adani - to round-trip funds and inflate stock prices. Reacting to the development, senior TMC leader Sukhendu Sekhar Ray said, "SEBI chief should be suspended in no time, and lookout notices must be issued to all airports to prevent her and her husband from leaving the country." The head of the Securities and Exchange Board of India (SEBI) termed the allegation as "baseless" while Adani group said it never had any commercial relations with Buch. TMC MP Mahua Moitra said, "One simple point - Chairperson who has invested in

Buch issues fresh details, says Blackstone on her 'recusal list' with Sebi

Amidst allegations from Hindenburg, the couple stated that they never had exposure to Adani firms

SC should take note of allegations against Sebi chief by Hindenburg: AAP

The AAP on Sunday demanded that the Supreme Court take note of the allegations levelled by US short seller Hindenburg against SEBI chief Madhabi Puri Buch. Hindenburg Research has alleged that it suspects SEBI's unwillingness to act against Adani Group may be because Madhabi Puri had stakes in offshore funds linked to the conglomerate - an allegation that the SEBI head called "baseless" and an attempt of "character assassination". Addressing a press conference here, AAP Rajya Sabha MP Sanjay Singh said the SEBI had told a Supreme Court panel that the investigation into the Adani group was "directionless". "SEBI chief and her husband's money was invested in shell companies. Why were these facts hidden from the Supreme Court? The apex Court should take note of the new developments and how facts were hidden," he said. The Securities and Exchange Board of India (SEBI) in October 2020 began a probe into the shareholding structure of Adani Group companies after red flags were raised over

Sebi vs Hindenburg: The fight has moved away from Adani, the initial target

The Sebi chief has 'strongly' denied Hindenburg's fresh allegations terming it 'baseless insinuations' which is 'devoid of any truth'

'Something big soon India': Hindenburg Research eyes new target after Adani

Hindenburg has targeted several well-known companies, including Adani Group, Nikola, Clover Health, Block Inc, Kandi, and Lordstown Motors

Adani-Hindenburg row: SC quashes plea seeking review of Jan 3 verdict

The plea said Sebi had only updated the court about the status of its 24 investigations after the allegations, without disclosing any details of action taken

Adani-Hindenburg row: SC quashes plea seeking review of Jan 3 verdict

The Supreme Court has dismissed a plea seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the CBI. A bench comprising Chief Justice of India D Y Chandrachud, Justice J B Pardiwala and Justice Manoj Misra dismissed the review plea filed by one of the PIL petitioners, Anamika Jaiswal, against the January 3 verdict. "Having perused the review petition, there is no error apparent on the face of the record. No case for review under Order XLVII Rule 1 of the Supreme Court Rules 2013. The review petition is, therefore, dismissed, the bench said in its order of May 5. The review petition was considered by the judges in chamber. In a significant win for the Adani Group, the top court, on January 3, declined to order a CBI or SIT probe. In its judgment, the apex court had said market regulator SEBI was conducting a "comprehensive investigation" into the allegation

Sebi has a strong case against US-based Hindenburg Research, say lawyers

On June 26th, the Sebi issued show-cause notices to Hindenburg Research LLC, US-based hedge fund manager Mark E Kingdon, and four others

Hindenburg receives show cause notice from Sebi over Adani issue

The short seller alleges 'surreptitious aid' to Adani Group by Sebi

Decoded: Hindenburg vs Adani saga raises more questions about short selling

The saga between Hindenburg Research and the Adani Group continues to be a complex web of accusations and investigations.

How to trade Adani stocks amid Hindenburg-Sebi row? Here's what charts say

Adani group shares such as Adani Enterprises, Ambuja Cements, Adani Power and ACC seem favourably placed on the charts, and can potentially rally up to 22 per cent from current levels.

Adani group shares trade mixed as Hindenburg issue resurfaces; AEL down 1%

Sebi slapped 'show cause' notice to Hindenburg; Adani Total Gas, Adani Energy Solutions, New Delhi Television and Adani Wilmar were up in the range of 1 per cent to 2 per cent.

Hindenburg report timed to disrupt FPO, company growth strong: Gautam Adani

Addressing an annual general meeting with shareholders, Adani Group chairman Gautam Adani pointed out that certain sections of the media played a role in amplifying the attack

Adani Group mcap rises to Rs 17.5 trn, highest since Hindenburg incident

Shares of flagship Adani Enterprises rose 8 per cent, followed by Adani Ports, which closed the day with a 4.7 per cent gain

Adani Enterprises got 2 Sebi notices over Hindenburg report in Q4: Report

In the quarter ended March 31, the flagship of billionaire Gautam Adani empire received two so-called show-cause notices from the Securities and Exchange Board of India, or Sebi

Adani Group shrugs off Hindenburg effect, back to rapid expansion spree

Adani group opened a USD 1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project. It started with the March 26 announcement of Adani Ports acquiring a 95 per cent stake in Gopalpur Port for Rs 3,350 crore, taking the number of seaports under its control to 15 - the highest with any private firm in the country. This was followed by Adani Enterprises Ltd - the group's flagship firm and business incubator - announcing on March 28