12 Companies Benefitted From Short Selling In Adani Group Shares: Report

Foreign portfolio investors and institutional investors based in tax havens were among these companies, reported The Indian Express citing the ED findings.

A dozen companies, including foreign portfolio investors and foreign institutional investors in tax havens, were the top beneficiaries from short selling in shares of Adani Group companies, The Indian Express has reported citing an Enforcement Directorate probe into the Hindenburg report that led to a market crash in January.

Short-selling refers to the investing technique where securities are borrowed to sell and later bought back when the price dips. In this model, investors bet on and make profits from a fall in share prices.

The Enforcement Directorate had shared its findings with markets regulator Securities and Exchange Board of India (SEBI) in July, according to the Indian Express.