Business

Adani-Hindenburg Issue: Six Entities Under Scrutiny For Suspicious Short-Selling In Adani Shares

Swarajya StaffMay 22, 2023, 11:16 AM | Updated 11:16 AM IST
Adani Group. (Representative image).

Adani Group. (Representative image).


Adani group shares were subject to suspicious trading by four foreign portfolio investors, one corporate, and one individual, as per the Supreme Court's panel report.

Suspicious trading activity occurred as certain entities acquired short positions in Adani group stocks before the Hindenburg report was released. These entities then made significant profits by closing these positions after the report's publication, reports Financial Express.


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