In response to concerns raised by the Hindenburg report on the Adani Group, the Securities and Exchange Board of India (SEBI) has called for investors to remain calm and exercise due diligence. SEBI emphasised that Chairperson Madhabi Puri Buch has made all necessary disclosures and recused herself in matters involving potential conflicts of interest. SEBI highlighted that investors should carefully consider the disclaimer in the Hindenburg report, which notes that the research firm may have short positions in the securities it discusses. The regulator reassured the public that its internal mechanisms effectively address issues related to conflicts of interest. Regarding the investigations into allegations made in the Hindenburg report, SEBI informed that out of 24 inquiries, 23 have been completed. The final investigation is nearing completion. The regulator has issued over 100 summonses, 1,100 letters and emails, and reviewed more than 300 documents, totaling around 12,000 pages. Addressing allegations related to changes in REIT regulations purportedly benefiting Blackstone, where Buch's husband works as an advisor, SEBI clarified that such regulations are implemented only after board approval and public consultation. SEBI dismissed claims that these changes were intended to benefit any single financial entity as inappropriate. ‘Investment Referred to by Hindenburg Made Before Madhabi Joined SEBI’: SEBI Chairperson Madhabi Puri Buch and Her Husband Dhaval Buch Deny Hindenburg Research’s Charges.

SEBI on Adani-Hindenburg Row

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)