Embattled tycoon Gautam Adani today welcomed the Supreme Court order of a time-bound probe into allegations levelled by Hindenburg Research against his group.
After hearing the Adani v. Hindenburg case on Thursday, the Supreme Court ordered SEBI to look into possible violations of Section 19 of the SEBI rules and possible stock price manipulation.
Supreme Court of India has ordered the Securities and Exchanges Bureau of India (SEBI) to probe into the allegations levelled by short-seller Hindenburg Research against Adani Group. aaa
Chief Justice of India DY Chandrachud said market regulator SEBI should complete its ongoing investigation into the Adani stock rout in two months and file a status report.