Adani-Hindenburg Update: In a blog post on July 1, Hindenburg Research responded to the Securities and Exchange Board of India’s show cause notice, which outlined “suspected violations of Indian regulations”.
Hindenburg said it received a “bizarre email” on June 27, that it only realised was from the official SEBI email after a follow-up email titled ‘Show Cause Notice’.
The organisation said that it is sharing the full notice “because we think it is nonsense, concocted to serve a pre-ordained purpose: an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India.” It linked the show cause notice in pdf document via Slideshare online.
This is a developing story, more updates coming…