Adani Case: Hindenburg Cites Kotak Bank in Response to SEBI Notice

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Hindenburg Research has responded to a show-cause notice from SEBI, adding a new twist to the ongoing saga involving its report on the Adani Group.

The US-based short seller alleged that the market regulator did not name the private lender involved in short selling Adani Group shares.

Hindenburg claimed that brokerage firms founded by Uday Kotak created and managed the offshore fund structure used by its investor partner to short Adani Group shares.

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