New Delhi: The Supreme Court on Friday sought a response from market regulator Sebi on pleas related to the Adani Group and the Hindenburg Report. The court has asked SEBI to reply on this on Monday, February 13.
While hearing on Friday, the Supreme Court asked SEBI to tell the court how it will protect investors in the future and show the court what system it currently has regarding this, as well as to strengthen the rules. What can be done for
The Supreme Court said that the stock market generally runs on the basis of sentiment, we will not comment on the merits of this case at the moment. During the hearing, Solicitor General Tushar Mehta told the Supreme Court that SEBI and other entities are taking necessary steps in this matter.
It is noteworthy that Hindenburg Research published a report against Adani Group alleging wrong practices in the stock market. Since then the shares of Adani’s company are falling badly. At the same time, many rating agencies have changed the outlook of group companies to negative.
