• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

SEBI Issues Show-Cause Notice To Hindenburg, Nathan Anderson Over Adani Report

OMMCOM NEWS by OMMCOM NEWS
July 2, 2024
in Business

Mumbai: The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to Hindenburg Research, Nathan Anderson and the entities of Mauritius-based foreign portfolio investor (FPI) Mark Kingdon for trading violations in the scrip of Adani Enterprises Ltd, leading up to Hindenburg report and thereafter.

In the 46-page show-cause notice, The markets regulator has alleged that Hindenburg and Anderson violated regulations under the SEBI Act, SEBI’s Prevention of Fraudulent and Unfair Trade Practices regulations, and its Code of Conduct for Research Analyst regulations.

Meanwhile, FPI Kingdon has allegedly violated SEBI Act, SEBI’s Prevention of Fraudulent and Unfair Trade Practices regulations and SEBI’s Code of Conduct for Foreign Portfolio Investors, according to the show-cause notice.

The markets regulator pointed out that the Hindenburg and the FPI entities undertook a misleading disclaimer that the report was solely for the valuation of securities traded outside India when it clearly pertained to listed entities in India.

The regulator said Kingdon aided Hindenburg to indirectly participate in Adani Enterprises by collaborating with the short seller to trade in the company’s futures in the Indian derivatives market and shared profits with the research firm.

Hindenburg continues to defend its report that came out in January 2023.

(IANS)

Tags: HindenburgSecurities and Exchange Board of India (SEBI)
ShareTweetSendSharePinShareSend
Previous Post

IAS Officer Amit Kishore Appointed As PS To Defence Minister Rajnath Singh

Next Post

Zealous Devotees Offer One Quintal Of Fruits At Alarnath Temple

Related Posts

Business

UPI Reaches 500 Million Consumers, 65 Million Merchants, Says Report

October 8, 2025
Business

Investor Participation Surges To 13.4 Crore In 5 Years: SEBI Chairman

October 8, 2025
Business

Sensex, Nifty End Lower After Volatile Trade; IT Stocks Shine

October 8, 2025
Business

India’s Capital Markets Produce Exceptional Growth In Last 2 Years, Defy Global Headwinds

October 8, 2025
Business

Semiconductors To Play Same Role As ‘Charkha’ Once Did For Us: Scindia

October 8, 2025
Sensex
Business

Sensex, Nifty Open Marginally Higher; IT Stocks Lead Gains

October 8, 2025
Next Post

Zealous Devotees Offer One Quintal Of Fruits At Alarnath Temple

Nitish Kumar

Bihar Govt Initiates Graft Probe Against 36 Officers

Team India Expected To Fly From Barbados On Tuesday Evening: Sources

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.