Sebi sends Hindenburg notice on Adani report 'manipulation'

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India Business News: MUMBAI: Sebi has issued a show-cause notice to Hindenburg, asking why it should not act against the short-seller for violating norms related to the "p.

As per Sebi, Kingdon agreed to share 30% of its net profits from trading securities related to Adani with Hindenburg in exchange for receiving the report two months in advance.

In a statement, a Kotak group spokesperson said, "KIOF (K India Opportunities Fund - a Sebi-registered FPI regulated by Financial Services Commission of Mauritius), was established in 2013 to enable foreign clients to invest in India.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaMauritius

Topics: Offshore fund structure Sebi notice Business news K-India Opportunities Fund Adani stocks Kotak Bank shares Hindenburg Research

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 09:32:11 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 921 words

Reading Time: 6 minutes read

Sentences: 32 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21467325

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