Hindenburg Case: Supreme Court Questions SEBI On Action Taken Against Short-Sellers
NDTV
At the start of the hearing, SEBI told the Supreme Court that it would not seek an extension to complete its probe into the Hindenburg allegations against the Adani Group.
The Supreme Court today asked capital markets regulator SEBI what steps had been taken to tighten regulations on short-sellers and protect small investors, following the chaotic stock price movement after US-based short-seller Hindenburg Research published a report in January this year.
"One of the reasons we intervened was the volatility of the market and losses incurred by the investors. Has SEBI looked into it?" the Supreme Court asked SEBI or the Securities and Exchange Board of India.
At the start of the hearing, SEBI told the Supreme Court that it would not seek an extension to complete its probe into the Hindenburg allegations against the Adani Group.
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