Adani case in Supreme Court: The hearing of the Adani-Hindenburg case in the Supreme Court has been adjourned today. Now this case will be heard on 20 October 2023 in the Supreme Court. According to sources, this information has come out. The SEBI probe report in the Adani-Hindenburg case was to be submitted to the Supreme Court today.
The report filed by SEBI was to be considered.
The Supreme Court was to hear the Adani-Hindenburg case. It was to consider the latest status report filed by market regulator SEBI. In August, SEBI had told the court that it had completed its investigation into all but two allegations against the Adani group. In addition, information is awaited from five tax haven countries about the actual owners of foreign entities.
Adani shares are down today.
Due to hearing of Adani-Hindenburg case in Supreme Court, shares of Adani are seen falling since this morning. Amid the confusion, shares of Adani Enterprises, the Adani Group’s flagship company, came under pressure from early this morning and fell over 3 percent in the first few hours. Today, the share price was down to Rs 2422.35 per share as against Rs 2605.30 per share in the previous trading session.
what is the problem
On January 24, 2023, the Hindenburg Research Report came out with serious allegations against the Adani Group, after which Adani’s shares began to fall sharply. The Supreme Court then set up an expert committee headed by a retired Supreme Court judge on March 2, 2023 to probe the steep fall in Adani Group shares and SEBI’s existing regulatory framework to protect the interests of small investors. The mechanism will be reviewed. .
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