Hindenburg Research called out the Securities and Exchange Board of India(Sebi) for failing to address the fraud it alleged in a short-selling report on the Adani Group early last year, after receiving a notice from the regulator in June.
The US shortseller received a notice from India’s markets regulator Sebi in June saying the company’s report on the Adani Group contained certain misrepresentations and inaccurate statements meant to mislead readers, it said in a statement published on its website on Monday.
