Sebi bars Anil Ambani, 24 entities for 5 years · Ambani fined Rs 25 crore, banned from securities market · Reliance Home Finance barred for 6 months, fined Rs 6 lakh The Securities and Exchange Board of India (Sebi) has taken stringent action against industrialist Anil Ambani, imposing a five-year trading ban and a ₹25 crore fine….
Adani Group Rejects Allegations The Adani Group has firmly rejected the latest allegations made by Hindenburg Research, labeling them as “malicious, mischievous, and manipulative” distortions of publicly available information. In a statement filed with the stock exchange, the Adani Group denounced the claims as a recycling of previously discredited allegations that have been thoroughly investigated…
Hindenburg Receives Notice from SEBI Hindenburg Research, a US-based short-seller, has been issued a show-cause notice by India’s capital market regulator, the Securities and Exchange Board of India (SEBI). The notice pertains to suspected violations of Indian regulations in the context of the Adani Group case. Allegations Against Adani Group In January 2023, Hindenburg Research…
