Adani-Hindenburg Dispute | Adani-Hindenburg dispute: SEBI moves Supreme Court to extend the deadline for investigation

FILE PHOTO New Delhi: Markets regulator SEBI has moved the Supreme Court for extension of time to complete probe into allegations of stock price rigging and regulatory disclosure lapses by Adani Group (Adani-Hindenburg Dispute). Have done SEBI has requested to extend the time limit of investigation by six months. On March 2, the apex court had asked Sebi to complete the probe into the matter within two months. Along with this, the court had also constituted a committee for the protection of Indian investors. Also read American shortseller in his report accused Adani group of rigging the price of shares. The group has termed all these allegations as baseless. In an application filed before the court, SEBI said, “It will take six more months to complete the proceedings to detect possible violations related to financial misrepresentation, fraud of regulations and/or fraudulent transactions.” (agency)