F&O Cues | FIIs net sell Rs 4,681 cr and DIIs net buy Rs 4,478 cr in the cash market. FIIs net sell Rs 423 cr in Index Futures on Monday 2024-18-12 , the day after Hindenburg came out against Madhabi Puri Buch, chairperson of the market regulator Securities and Exchange Board of India (SEBI)
The battle between Hindenburg Research and Adani Group began 18 months ago when the United States-based short seller alleged Adani improperly used tax havens, accusations the group denied again on Sunday, saying its overseas holding structure was fully transparent.
Citing whistleblower documents, Hindenburg said on Saturday that Madhabi Puri Buch, chairperson of the market regulator Securities and Exchange Board of India (SEBI) since 2022, has a conflict of interest in the Adani matter due to previous investments.
Buch said the report’s allegations were baseless, and in a separate statement, the regulator said allegations made by Hindenburg Research against the Adani Group have been duly investigated.