look news india
In January 2023, Hindenburg Research released a report targeting Gautam Adani's Adani Group. This report caused a stir as Hindenburg made several serious allegations against the Adani Group. After the Hindenburg Research report came out, all the stocks of Adani Group fell sharply and after becoming the world's number 2 billionaire, Gautam Adani slipped to 36th place as his wealth saw a record decline.
SEBI's notice to Hindenburg reveals a big secret!
In June this year, Hindenburg Research was in the news once again when it revealed that capital market regulator SEBI had issued a notice against it alleging violations of Indian regulations. This development proved to be a turning point, as Hindenburg Research clearly identified Kotak Bank in its report for the first time. As a result, the disclosure led to a significant drop in Kotak Bank's share price, which hit its lowest level since June in the early trading session.
Hindenburg said the notice issued by the Indian market regulator on June 27, 2024 was 'nonsense'. It was designed to serve a predetermined purpose. He said an attempt is being made to silence and intimidate those who expose the corruption and fraud of the most powerful people in India.
