Hindenburg Research On Sebi: American short-seller Hindenburg Research has once again made a new disclosure in the case related to the Adani Group. This time Hindenburg is targeting stock market regulator Securities and Exchange Board of India (SEBI) chief Madhavi Puri Buch and her husband. Along with this, Hindenburg has also mentioned some companies in its latest report. These are the companies which are listed in the stock market. In such a situation, there is a possibility that when trading starts on Monday, there may be a movement in these shares. Apart from this, there may be fluctuations in the shares of Adani Group.
Which companies
In the latest report of Hindenburg, apart from the finance sector company IIFL, Nexus Select Trust is also mentioned. Both these companies are listed in the stock market. The share price of IIFL is Rs 423 on the BSE index. Last Friday, the share fell by 2%. At the same time, the share price of Nexus Select Trust on NSE is Rs 137. Last Friday, this stock closed with a fall of about 5%. The share price of another company Mindspace is Rs 343. Last Friday, this stock closed with a slight increase.
SEBI chairperson’s reply to Hindenburg’s report, said it was an attempt to assassinate character
Hindenburg’s new claim in Adani case, this time SEBI chairperson implicated
Also keep an eye on Adani shares
Adani Group shares will also be monitored during trading on Monday. It will be important to see how investors view Hindenburg’s new allegations. Let us tell you that in January last year, Adani Group shares had crashed badly after Hindenburg’s allegations.
Hindenburg’s allegations
Hindenburg alleged in a recent report that SEBI chairperson Madhavi Buch and her husband had stakes in obscure offshore funds used in the alleged Adani fund embezzlement scam. According to the report, SEBI has not surprisingly shown interest in Adani’s alleged undeclared web of Mauritius and offshore shell entities. Vinod Auni, the elder brother of group chairman Gautam Adani, allegedly controlled obscure offshore Bermuda and Mauritius funds. Hindenburg alleges that these funds were used to embezzle funds and increase the price of the group’s shares. Let us tell you that such funds which invest in foreign markets are called offshore funds. These are also called foreign or international funds.
Mentioning IIFL
Hindenburg said in its latest report- The fund announcement signed by a Pradhan at IIFL states that the source of investment is ‘salary’ and the couple’s net worth is estimated at US$10 million. Hindenburg said in its report that amid the activism of Madhavi and Dhawal Buch, Blackstone sponsored Mindspace and Nexus Select Trust, which were India’s second and fourth REITs. Both these companies received SEBI approval for IPO in the year 2019 and 2020.
