​​Adani Group

The Adani Group has denied the recent allegations leveled by US research and investment firm Hindenburg Research. The Adani Group termed the allegations as malicious and selectively manipulated public information.

Adani Group clarified that it has no business relationship with the chairperson of market regulator SEBI or her husband. Adani Group said in a stock market filing that the new allegations and revelations made by Hindenburg are malicious, mischievous and manipulated with selected facts and information. Which is published with the intention of reaching a pre-determined conclusion for personal gain by ignoring the facts as well as the law. Adani Group clarified that we reject the allegations against us which are often false allegations to defame us. These allegations were thoroughly investigated and found to be false and baseless. These allegations have also been dismissed by the Hon'ble Supreme Court in January 2024.

Investors should avoid panic and stay calm: Sebi

Regarding the allegations leveled by Hindenburg Research against SEBI, SEBI said that SEBI has taken note of the report published by Hindenburg Research. Investors should remain calm and cautious before reacting to such reports. Investors should also note the disclaimer in the report which states that Hindenburg Research may have short positions in the securities covered in this report.

I made the investment two years before joining SEBI: Buch

SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch on Sunday issued a lengthy statement responding to Hindenburg's allegations. The Buch couple said their investment in the fund was made two years before Madhabi joined SEBI. The Buch couple said they had invested in IPE Plus Fund 1, which was floated by 360 One Asset and Wealth Management in 2015. The investment was made two years before Madhabi joined SEBI and she was then living in Singapore as a private citizen.