Zero factual inaccuracies with our Adani research: Hindenburg on Sebi notice | Read short seller's full response here
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Read Hindenburg's full response to Sebi's show cause notice We have been aware that Indian securities regulator SEBI has been grappling with how they are going to respond to us, a U.S.- based research firm with no presence or operations in India, after we presented overwhelming evidence in January 2023 of why we believed Indian conglomerate Adani Group was operating “the largest con in corporate history”. We had anticipated fierce opposition to our report before we ever published it, regardless of how comprehensive and truthful our body of evidence was. On the morning of June 27, 2024, our firm received a bizarre email, ostensibly from SEBI, alerting us that SEBI had flagged its own message to us that we never received as an apparent security risk, and that the regulator had “quarantined” it for its own safety. ETMarkets.com This, at first, struck us as a possible targeted phishing attempt. It was only later that day that we recei...