Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI). File | Photo Credit: PTI Hours after the stock market regulator’s chairperson Madhabi Puri Buch, and her spouse Dhaval Buch, issued a clarification on a Hindenburg Research report red-flagging their investments in obscure offshore funds linked to the Adani group, and ownership …
Indian shares declined on Monday, with all 10 Adani group stocks dropping after U.S. short-seller Hindenburg Research alleged the head of the country’s markets regulator held a stake in offshore funds used by the group. The NSE Nifty 50 index was down 0.31% at 24,291.55, as of 10:18 a.m IST, and the S&P BSE Sensex …
360 ONE Asset Management, which is at the centre of a controversy surrounding Sebi chief Madhabi Puri Buch in the Hindenburg report, on Sunday clarified that its offshore fund IPE-Plus Fund 1 never had any investment in shares of any Adani Group companies. “Throughout the fund’s tenure, IPE-Plus Fund 1 made zero investments in any …