India markets regulator asks investors to remain calm on Hindenburg allegations against chief
MUMBAI -India's markets regulator on Sunday asked investors to remain calm and exercise due diligence before reacting to reports such as that by US-based shortseller Hindenburg Research.
The regulator said the allegations made by Hindenburg against the Adani group have been duly investigated by SEBI and 23 out of 24 investigation were completed in March 2024. One remaining investigation is close to completion. Defending its chief, the regulator said Buch made relevant disclosures required in terms of holdings of securities and their transfers and that she has recused herself in matters involving potential conflicts of interest.
Indian equity markets have been booming, drawing large funds from domestic institutional and retail investors.A mutual fund lobby body on Sunday called the Hindenburg report as an attempt to create sensation by connecting random events from the past.
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