Adani Group: Adani Group has been in the news since January. Market regulator SEBI had also approached the country’s Supreme Court amid various allegations and counter-allegations since the Hindenburg Research report and has recently asked for another six months to investigate the matter.
Statement from SEBI
Now on the same matter, a spokesperson of the Adani group said that SEBI is investigating many other facts apart from the allegations leveled against the Adani group by a foreign short-seller on January 25, 2023. In this, the market activities before and after the date of release of this report are also being investigated. Adani Group is fully cooperating with SEBI for this detailed investigation.
Adani Group welcomes the decision of the investigation
Adani group said that we welcome the decision of this inquiry because through this all the cases will be heard and everyone will get time to present their case. We are bound by all the rules, laws and regulations and believe that truth will prevail. We are fully cooperating with SEBI as well and giving them our full support. We are fully complying with all the laws and on the strength of rules and regulations we believe that truth will prevail.
Cooperating in the investigation – Adani Group
The Adani group has also said that SEBI’s application filed before the Supreme Court has not concluded any alleged wrongdoing. Sebi’s application only referred to the allegations made in the short-seller’s report, which are still under investigation. Adani has said in his statement that we would request the media to avoid unnecessary speculation at this time. Wait for the expert committee appointed by SEBI and the Supreme Court to complete their work and present their results.
Significantly, the problems of the group had increased after the allegations of alleged irregularities made by the American short seller firm Hindenburg Research and since then it keeps coming in the news for different reasons.
read this also
IDBI: IDBI Bank earned a profit of Rs 3645 crore, will give a dividend of this much rupees per share
