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India watchdog probes short-seller's allegations about Adani, market activity

  • 📰 Reuters
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  • News: 7%
  • Publisher: 97%

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India's markets regulator on Monday told the country's top court it was looking into the allegations made against the Adani Group by U.S.-based short-seller Hindenburg Research in a critical report, a court filing seen by Reuters showed.

SEBI confirmed the existence of the investigation for the first time in its Supreme Court filing.

"SEBI is strongly and adequately empowered to put in place regulatory frameworks for effecting stable operations and development of the securities markets," it added.

 

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