Shillong, August 14: The Securities and Exchange Board of India (Sebi) has concluded its investigation into the allegations made by Hindenburg Research against the Adani Group.
The report, set to be delivered to the Supreme Court this week, probes into potential share price manipulation and undisclosed related-party transactions by the group.
As per India Today, while specifics are undisclosed, the report is expected to touch on related-party transactions while potentially revealing minimal adverse findings concerning minimum public shareholding norms.
The investigation encountered challenges due to the complexity of overseas transactions, and the Supreme Court had set a deadline of August 14 for Sebi to conclude the probe and submit its report.
The allegations had earlier impacted the market capitalisation of Adani Group’s listed companies. In a separate development, Deloitte’s resignation as the auditor of Adani Ports & SEZ led to a sharp fall in Adani Group companies’ shares.