According to the Hindenburg Research Institute of America research, the adani Group has experienced a significant decrease. A supreme court petition in the public interest requested the formation of a commission to look into the statement's veracity. Last Friday, Chief Justice TY Chandrachud's session was where this plea was scheduled to be heard. The national government was then ordered by the supreme court to react by Monday. 

As a result, the central government had no objections if the supreme court established a committee to guarantee the protection of investors' interests in the future, according to Solicitor General Tushar Mehta, who represented the central government in court. The Hindenburg thesis caused a $120 billion loss in adani stock during a short period of time. As a result, thousands of investors have suffered significantly.

The court agreed to hear the public interest petition submitted to the supreme court asking for the creation of a committee to look into the situation and provide recommendations for it. There are rumours that the SEBI Board will meet with representatives from the Finance Ministry on the 15th to discuss the status of the Hinton Burke-Adani inquiry.

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G GOWTHAM

14/02/2023 11:04 AM