In a stock exchange filing on Sunday, 360 One Wam Limited said its IPE-Plus Fund 1 had made zero investments in any shares of the Adani Group, refuting claims by Hindenburg
Adani Group has rejected the fresh allegations by Hindenburg Research, saying the US-based short seller using manipulative information for profiteering
'Hindenburg Research' used the erstwhile offshore fund holding of Madhabi Buch to suggest 'laxity' in investigations against Adani Group as SEBI chairperson.
As per reports, Hindenburg had shared its report on Adani with their client two months prior to publication, enabling them to obtain 'unfair' profits from the stock price movements in a brokered deal using the report.
After SEBI revealed that Kotak Mahindra and Kingdon Capital partnered to orchestrate a strategic move to benefit from short-selling Adani stocks, a China link has emerged.
"The Honourable Supreme Court's judgment shows it. Truth has prevailed. Satyameva Jayate. I am grateful to those who stood by us. Our humble contribution to India's growth story will continue. Jai Hind," Adani tweeted.
The court stated in its ruling that the Supreme Court's jurisdiction to enter the regulatory framework of SEBI is restricted. "SEBI has concluded investigations in 20 of 22 cases. The investigation into the remaining two cases will be completed within three months," the order stated.