SEBI accuses Hindenburg Research of sharing its Adani Group report with client Mark Kingdon before publication, causing stock value drop.

SEBI accuses US short-seller Hindenburg Research of sharing its report against Adani Group with a client, Mark Kingdon, two months before publication. Hindenburg reportedly shared the report, which led to a drop in Adani Group's stock value, with Kingdon, a New York-based hedge fund manager, and profited from a deal to share spoils from share price movement, as per the market regulator.

July 07, 2024
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