Adani-Hindenburg Case: SEBI Seeks 15 days Extension To Submit The Report

The SEBI on Monday asked the Supreme Court for a 15 day extension to submit the report on Adani-Hindenburg case. The regulator was expected to submit its report on Monday.

Earlier, the apex court had granted the market regulator till August 14, 2023 to complete its probe of the Adani-Hindenburg issue and then submit its report. It expects to complete the approval process in the four of the six matters shortly.

The regulator said to the Supreme Court that it has examined 24 issues in the case, out of which 17 have been completed and approved by the competent authority in accordance with the market regulator's extant practice and procedure. SEBI said, it had sought information from agencies and regulators in foreign jurisdictions, and it will evaluate the information received to determine further course of action.

The apex court bench was headed by Chief justice of India D.Y Chandrachud, is currently hearing four petitions alleging market manipulation and other malpractices in the equities market by Adani Group companies.