Hindenburg claims of Adani conflict of interest denied by India’s market regulator chief

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The Straits Times 5h ago

Hindenburg claims of Adani conflict of interest denied by India’s market regulator chief - The Straits Times

Quick Summary:

Madhabi Puri Buch and her husband denied the "baseless" claims and "insinuations".

Hindenburg also raised questions about Madhabi promoting real estate investment trusts as a promising asset class without disclosing that Mr Dhaval is now an adviser to Blackstone, which has sponsored two of the four listed Reits in India.

Hindenburg’s latest broadside at the Indian regulator for not acting tough on Adani comes at a time when the conglomerate has just returned to tapping equity investors and is back on its aggressive growth spree.