Representative image (Pic credit: Reuters) NEW DELHI: Markets regulator Sebi’s board on Monday cleared a proposal to introduce a new asset class for high-risk profile investors to bridge the gap between mutual funds and portfolio management services in terms of flexibility in asset construction. In a statement issued after the board meeting, Sebi said its…
NEW DELHI: The cases where Sebi chairperson Madhabi Puri Buch recused herself due to potential conflict of interest are not “readily” available and collating them would “disproportionately divert” its resources, the market regulator said in response to an RTI application on Friday.In the response furnished to transparency activist Commodore Lokesh Batra (retd), the regulator also…
NEW DELHI: Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and her husband Dhaval Buch have refuted the allegations made against them by Hindenburg Research, a US-based short-seller, in its recent report. The statement was released shortly after Hindenburg Research claimed that the couple had stakes in “both the obscure offshore entities…
NEW DELHI: Hindenburg Research, a US-based firm, has recently hinted at a potential new report focused on India, more than a year after it made allegations against the Adani group of companies, accusing them of insider trading and other stock market violations.The cryptic message, posted on the company’s X social media account, simply stated, “Something…
It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.But it turns out the US short-seller’s gains from the saga were tiny by comparison — just over $4 million.That figure, which hasn’t been independently confirmed by Bloomberg News,…
Adani Group Chairman, Gautam Adani, has hit out about the controversy sparked by the US-based short-seller Hindenburg Research in January 2023, which plunged the company into significant turmoil due to allegations of corporate governance lapses. At the time as well, Adani had refuted all the accusations.According to an ET report, at Adani Enterprises’ Annual General…
